Tag: european central bank
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European Central Bank reduces interest rate to 2.5%
The European Central Bank reduced its key interest rate to 2.5% from 2.75% citing the lower inflation rate. The ECB said that it is on track of bringing inflation down to 2% by the end of the year with Euro area inflation being estimated to go down from 2.3% in 2025, to 1.9% in 2026.…
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European Central Bank cuts interest rate forecasting inflation to keep slowing down
The European Central Bank has cut its interest rates for its lending and deposit facilities by 0.25% (25 basis points), lowering the ECB’s deposit interest rate for banks at 3.75%. The interest rte cut comes after a similar move by the Bank of Canada and marks a further move towards an end to the relatively,…
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President of the European Central Bank, Christine Lagarde, says that the decision regarding Edward Scicluna should be made by the local authorities
Contrary to what Edward Scicluina stated earlier this week, it is not up to the European Central Ban Bank to make a decision on his current position as Governor of the Central Bank of Malta. In a reply provided to this website European Central Bank President Christine Lagarde has stated: “Dear Mr Camilleri, On behalf…
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Higher for longer with recessionary vibes
This is a depressing speech from EU Central Bank chief Christine Lagarde citing recessionary vibes in Europe, prolonged inflation, and slowing demand (both European demand and international demand for European products). Personally, I assumed Christine Lagarde was going to give a hawkish pause but the Central Bank increased the interest to 25 BPS (0.25%). Her…
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Recessionary vibes
Europe seems to be sliding into a recession after a nearly year-long consecutive reduction in its PMIs. The European manufacturing sector is slowing down and this downturn pairs with China’s current economic sluggishness. The UK seems to be slowing down as well. Relatively, the US seems to be the strongest link, but the US is…
