by Julian Benson | Oct 18, 2024
During the ECB’s October meeting, president Lagarde revealed the decision to lower the bank’s three key interest rates was unanimous. The deposit facility, main refinancing operations and marginal lending facility rates now stand at 3.25%, 3.40% and 3.65%,...
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by Julian Benson | Oct 18, 2024
Earlier this week, we heard that the UK headline inflation fell to 1.7%, the lowest it’s been since 2021. This movement puts inflation back in the central bank’s 2% territory which is likely welcome news to chancellor, Rachel Reeves, who is to deliver her first budget...
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by Julian Benson | Oct 18, 2024
The European Central Bank chose to lower interest rates yesterday by 0.25%, taking the headline rate to 3.25%. Markets had come to expect that judgement over the past few weeks, which meant the impact on the euro was contained to minor losses against the pound and the...
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by Jonathan Cook | Oct 17, 2024
Just weeks before the election, the US dollar is lapping up any chance to fly below the radar. At least for now, it has made advances against its continental rivals but those could prove short-lived as the data resumes and focus shifts to 5 November. EUR/USD: the past...
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by Jonathan Cook | Oct 17, 2024
Judging by financial markets, Europe widely expects the ECB to cut interest rates again today. Much of that perception is based on slowing growth data, although there is an argument that suggests it will want to match pace with the Federal Reserve. The euro could well...
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