The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant...
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The EURGBP currency pair is retracing its recent gains from Friday, trading on Monday at around 0.8440 in European markets. The Euro faces challenges as recent eurozone inflation data have solidified expectations of a rate cut by the European Central Bank at the upcoming Thursday policy meeting. With headline inflation nearing 2% and long-term inflation forecasts holding steady around the same level, the ECB has sufficient justification to ease its monetary policy stance further. Additionally, last week’s mixed gross domestic product (GDP) data from the Eurozone has reinforced expectations of a potential rate cut by the ECB. The slowdown in
The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant...
Rise in inflation follows stronger-than-expected growth data for the third quarter released on Wednesday
The Bank of Canada delivered a supersized interest rate cut today, lowering its key policy rate by half a percentage point. With annual price growth...
There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its...
The GBPUSD pair edges higher toward 1.3000 during Asian trading on Wednesday. However, the Pound Sterling faces headwinds due to declining consumer...
OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its...
EURUSD is trading close to a fresh 11-week low near the round-level support of 1.0800 in Tuesday’s European session. The major currency pair is...
Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some...
The official measure of inflation, at 2.8 per cent, should force a cut in interest rates. But the Reserve Bank is tracking its own inflation measure.
On Wednesday morning, the Bank of Canada announced an interest rate cut of 50 basis points for their October decision, and that brings the policy rate...