The Euro-dollar currency pair is exhibiting weakness near 1.0850 on Thursday, as the EURUSD faces sharp selling pressure ahead of the European Central...
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The European Central Bank has lowered interest rates for the third time this year, as inflation in the eurozone shows signs of easing and the economy struggles to regain momentum. Thursday’s quarter-point rate cut brings the deposit rate down to 3.25%. With money markets now expecting three more rate cuts by March 2025, the euro is likely to face prolonged downward pressure, according to the CEO of a leading independent financial organisation. “This is the first time in 13 years that the ECB has delivered consecutive rate cuts, marking a pivotal moment for both the eurozone economy and global investors,”
The Euro-dollar currency pair is exhibiting weakness near 1.0850 on Thursday, as the EURUSD faces sharp selling pressure ahead of the European Central...
The EURGBP pair remained fragile Thursday after the European Central Bank policy meeting which decided to cut its rate on deposit facility by 25 basis...
Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.
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...
The Governing Council of the European Central Bank (ECB) cut the key interest rates by 25 basis points for the second consecutive time as it met in...
On Wednesday morning, Bank of Canada Governor Tiff Macklem told Canadians that they can “breathe a sigh of relief” in the habitual post-interest...
THE European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an...
The next Bank of Canada interest rate announcement is scheduled for this week — on Wednesday, October 23 at 9:45 am — and although there’s no...
FRANKFURT, Germany – The governing council on Thursday, decided to lower the three key ECB interest rates by 25 basis points. In particular, the...
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...