European Central Bank Cuts Key Interest Rates As Inflation Cools
Interest Rate Changes: The European Central Bank (ECB) has lowered interest rates by 25 basis points, setting the deposit facility rate at 3.50%, the refinancing rate at 3.65%, and the marginal lending rate at 3.90%, in response to inflation outlook assessments.
Inflation Projections: Inflation is expected to average 2.5% in 2024, with a gradual decline towards the ECB's 2% target, while economic growth forecasts have been slightly adjusted downwards due to anticipated weaker domestic demand.
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Italian PM Meloni warns against retaliatory tariffs, calls for pragmatism
Trade War Concerns: Italian Prime Minister Giorgia Meloni cautioned that a trade war between the EU and the U.S. could lead to increased inflation and economic downturn, urging for pragmatic solutions to avoid conflict.
Military Involvement in Ukraine: Meloni expressed skepticism about proposals for European troops in Ukraine, emphasizing the importance of NATO and stating that Italy has no plans to send troops to the region.
Tables Turn as European ETFs Attract Billions while U.S. Stocks Crash
Investor Trends: Investors are rapidly reallocating funds from the struggling U.S. stock market to European equity ETFs, with $1.8 billion invested last month as European markets outperform U.S. indices amid ongoing economic uncertainties.
Popular Investment Options: Notable European ETFs like Vanguard FTSE Europe ETF and iShares Core MSCI Europe ETF are gaining traction due to their strong performance, low costs, and broad diversification, appealing to investors seeking stability and growth.
European Central Bank Cuts Interest Rates Marking Sixth Cut In 9 Months
Interest Rate Cuts by ECB: The European Central Bank has reduced its key interest rates by 25 basis points, making borrowing cheaper and indicating a shift towards less restrictive monetary policy as inflation projections approach the 2% target.
Market Reaction: Following the announcement, European markets declined, with notable drops in major indices like the STOXX 50 and STOXX 600, while U.S. ETFs tracking the S&P 500 and Nasdaq also experienced losses in premarket trading.
European Central Bank Lowers Interest Rates, Fourth Cut In 2024 (UPDATED)
ECB Interest Rate Cut: The European Central Bank has lowered the deposit rate by 25 basis points, marking its fourth cut of the year, with current rates set at 3.00% for deposits, 3.15% for refinancing operations, and 3.40% for marginal lending.
Economic Outlook: ECB President Christine Lagarde noted a slowdown in economic activity, particularly in manufacturing and services, while projecting slower growth for the Eurozone economy, estimating increases of 0.7% in 2024 and 1.1% in 2025.
European Central Bank Lowers Interest Rates, Fourth Cut In 2024
ECB Interest Rate Cut: The European Central Bank has reduced the deposit rate by 25 basis points, marking its fourth cut of the year, with current rates set at 3.00% for deposits, 3.15% for refinancing operations, and 3.40% for marginal lending.
Economic Outlook: The ECB anticipates a slower economic recovery than previously expected, projecting Eurozone growth of 0.7% in 2024 and emphasizing a cautious, data-driven approach to future monetary policy while aiming to stabilize inflation at 2%.
European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years
ECB Interest Rate Cut: The European Central Bank has lowered the deposit rate by 25 basis points, marking its third cut of the year and the first back-to-back cuts in 13 years, effective from October 23.
Inflation Outlook and Market Reaction: The ECB anticipates inflation to rise before stabilizing at its 2% target next year, while European markets reacted positively, with the Stoxx 600 index up 0.8%.
Italian PM Meloni warns against retaliatory tariffs, calls for pragmatism
Trade War Concerns: Italian Prime Minister Giorgia Meloni cautioned that a trade war between the EU and the U.S. could lead to increased inflation and economic downturn, urging for pragmatic solutions to avoid conflict.
Military Involvement in Ukraine: Meloni expressed skepticism about proposals for European troops in Ukraine, emphasizing the importance of NATO and stating that Italy has no plans to send troops to the region.
Tables Turn as European ETFs Attract Billions while U.S. Stocks Crash
Investor Trends: Investors are rapidly reallocating funds from the struggling U.S. stock market to European equity ETFs, with $1.8 billion invested last month as European markets outperform U.S. indices amid ongoing economic uncertainties.
Popular Investment Options: Notable European ETFs like Vanguard FTSE Europe ETF and iShares Core MSCI Europe ETF are gaining traction due to their strong performance, low costs, and broad diversification, appealing to investors seeking stability and growth.
European Central Bank Cuts Interest Rates Marking Sixth Cut In 9 Months
Interest Rate Cuts by ECB: The European Central Bank has reduced its key interest rates by 25 basis points, making borrowing cheaper and indicating a shift towards less restrictive monetary policy as inflation projections approach the 2% target.
Market Reaction: Following the announcement, European markets declined, with notable drops in major indices like the STOXX 50 and STOXX 600, while U.S. ETFs tracking the S&P 500 and Nasdaq also experienced losses in premarket trading.
European Central Bank Lowers Interest Rates, Fourth Cut In 2024 (UPDATED)
ECB Interest Rate Cut: The European Central Bank has lowered the deposit rate by 25 basis points, marking its fourth cut of the year, with current rates set at 3.00% for deposits, 3.15% for refinancing operations, and 3.40% for marginal lending.
Economic Outlook: ECB President Christine Lagarde noted a slowdown in economic activity, particularly in manufacturing and services, while projecting slower growth for the Eurozone economy, estimating increases of 0.7% in 2024 and 1.1% in 2025.
European Central Bank Lowers Interest Rates, Fourth Cut In 2024
ECB Interest Rate Cut: The European Central Bank has reduced the deposit rate by 25 basis points, marking its fourth cut of the year, with current rates set at 3.00% for deposits, 3.15% for refinancing operations, and 3.40% for marginal lending.
Economic Outlook: The ECB anticipates a slower economic recovery than previously expected, projecting Eurozone growth of 0.7% in 2024 and emphasizing a cautious, data-driven approach to future monetary policy while aiming to stabilize inflation at 2%.
European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years
ECB Interest Rate Cut: The European Central Bank has lowered the deposit rate by 25 basis points, marking its third cut of the year and the first back-to-back cuts in 13 years, effective from October 23.
Inflation Outlook and Market Reaction: The ECB anticipates inflation to rise before stabilizing at its 2% target next year, while European markets reacted positively, with the Stoxx 600 index up 0.8%.
