Tag: Interest rate
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European Central Bank lowers lending rate to 2.4%: Lagarde says both core and headline inflation are going down
Updated: During the press questions, the ECB President also announced that the EU’s crypto-legislation MICA is under review for improvement especially in regard to stable-coins. She also said that the EU needs to be prepared before the roll0out of the digital Euro. The European Central Bank has said that core and headline inflation are going…
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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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The Federal Reserve reduces its interest rate by 0.25% to 4.75%
The United States Federal Reserve was less generous than at its previous meeting on its much anticipated reduction of interest rates as it yesterday announced that it has reduced its interest by 0.25% bringing its main rate to 4.75%. US Treasury Secretary Janet Yellen was calling for a 0.5% reduction like last meeting. In its…
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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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Ripping off customers, as usual
Bank of Valletta is run like a government department by political appointees and a board of directors with no skin in the game. Lately, Bank of Valletta has survived by extracting value from its shareholders and after botching the Deiulemar case, Bank of Valletta is burning even more of its capital simply to add to…
