centralbank
The European Central Bank (ECB) kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. The bank's President Christine Lagarde added credence to that view, s...
DPA International
The European Central Bank kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. Recent inflation rate developments had made the ECB more confident, but "no...
DPA International
The European Central Bank left its key refinancing rate on hold at 4.5% for the fifth time in a row on Thursday, despite falling inflation, in a decision by the bank's governing council. The deposit rate that banks receive for money parked with them also remains unchanged, at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. Recent inflation rate developments had made the ECB more confident, but "not confident enough," the bank's President Christine Lagarde had said at the beginning of March, adding that they would know ...
DPA International
Germany's top banker has hinted that the first interest rate cut in the eurozone is getting closer. "Let me put it this way ... the probability is increasing that we could possibly see an interest rate cut before the summer break," said Bundesbank President Joachim Nagel In an interview broadcast on Friday on the Table Today podcast Nagel emphasized that the move "will clearly depend on the data, but the outlook has brightened as far as that is concerned." On Thursday, the Governing Council of the European Central Bank (ECB), of which Nagel is a member, left key interest rates unchanged despit...
DPA International
Germany's top banker has hinted that the first interest rate cut in the eurozone is getting closer. "Let me put it this way ... the probability is increasing that we could possibly see an interest rate cut before the summer break," said Bundesbank President Joachim Nagel In an interview broadcast on Friday on the Table Today podcast Nagel emphasized that the move "will clearly depend on the data, but the outlook has brightened as far as that is concerned." On Thursday, the Governing Council of the European Central Bank (ECB), of which Nagel is a member, left key interest rates unchanged despit...
DPA International
The European Central Bank (ECB) kept its key eurozone interest rates unchanged at its monetary policy meeting on Thursday. The main refinancing operations rate, which provides liquidity to the banking system, stands at 4.5%. The ECB's deposit rate, which credit institutions receive when they park money at the bank, stands at a record-high 4%. This is the fourth time in a row that the ECB has left key interest rates in the 20-country currency area unchanged. The policy meeting scheduled for June 6 could bring a change of course, ECB President Christine Lagarde hinted following Thursday's sessio...
DPA International
The European Central Bank (ECB) kept its key eurozone interest rates unchanged at its monetary policy meeting on Thursday. The main refinancing operations rate, which provides liquidity to the banking system, stands at 4.5%. The ECB's deposit rate, which credit institutions receive when they park money at the bank, stands at a record-high 4%. This is the fourth time in a row that the ECB has left key interest rates in the 20-country currency area unchanged. The ECB ended its long era of zero and negative interest rates in July 2022. It repeatedly hiked rates in order to tame soaring inflation ...
DPA International
The European Central Bank (ECB) kept its key eurozone interest rates unchanged at its monetary policy meeting on Thursday. The main refinancing operations rate, which provides liquidity to the banking system, stands at 4.5%. The ECB's deposit rate, which credit institutions receive when they park money at the bank, stands at a record-high 4%. This is the fourth time in a row that the ECB has left key interest rates in the 20-country currency area unchanged. The ECB ended its long era of zero and negative interest rates in July 2022. It repeatedly hiked rates in order to tame soaring inflation ...
DPA International
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