AFP
European Central Bank decides on key interest rates at meeting in Slovenia
Finance
Economy
ECB meeting in Ljubljana; Key interest rate cut; Inflation below target; Lagarde explains; Villeroy de Galhau comments; Decision at 2:15 pm.
2024-10-17 09:00:10
Economy
Finance
ECB's Interest Rate Decisions Amid Economic Uncertainty
The European Central Bank (ECB) is set to make an important decision on interest rates during its meeting in Ljubljana, Slovenia. Analysts anticipate a reduction of 0.25 percentage points, marking the second consecutive rate cut. This action aims to address the Eurozone's declining inflation, which fell to 1.8% in September, below the ECB's 2% target for the first time since 2021.
Economic challenges, particularly in Germany, are influencing this decision. The manufacturing sector is struggling, contributing to broader economic concerns. ECB President Christine Lagarde has expressed confidence in stabilizing prices, although growth uncertainties persist. The ECB's move is seen as a response to these issues, with the euro reaching a two-month low against the dollar as markets anticipate the decision.
The rate cut is crucial for borrowers and savers alike, potentially easing mortgage costs and spurring investment. However, some ECB members are cautious due to geopolitical risks and rising oil prices. As the ECB navigates these complexities, its decisions are closely watched by financial markets and policymakers across Europe.
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stern
European Central Bank decides on key interest rates at meeting in Slovenia
Economy
Politics
Finance
The Governing Council of the European Central Bank (ECB) is meeting on Thursday, not as usual at its headquarters in Frankfurt am Main, but in the Slovenian capital Ljubljana, to discuss monetary policy in the euro area. Observers expect the second consecutive key interest rate cut (announcement at 2:15 pm). ECB President Christine Lagarde will explain the decision of the central bankers in a subsequent press conference starting at 2:45 pm.
Tagesschau - Wirtschaft und Börsen-Nachrichten
All Eyes on the ECB Calmness Before the Interest Rate Decision
Economy
Finance
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As of October 17, 2024, 7:30 AM The DAX is likely to start the new day optimistically. Today, one topic is in the spotlight: the interest rate meeting of the ECB. Market participants expect another interest rate hike of 0.25 percentage points. The DAX is likely to start the day of the European Central Bank (ECB) interest rate decision largely unchanged. Just over two hours before the XETRA start, the broker IG is estimating the German leading index slightly 0.1 percent higher at 19,451 points...
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