On Thursday, the European Central Bank decided to lower interest rates by 0.25 percentage points. This action is justified by the expected achievement of the inflation target at 2 percent. After the announcement,
European Central Bank President Christine Lagarde suggested the Czech National Bank was unlikely to approve of adopting Bitcoin as a reserve asset following a conversation with its governor. Speaking to members of the press on Jan.
After lowering key rates in December, the ECB is widely expected to announce another 25 basis points (bps) cut, taking the benchmark rate on deposit facility from 3% to 2.75%. It would be the fourth straight interest rates cut after trimming them in September, October and December 2024.
U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
The ECB is expected to drop its main lending rate from 3 per cent to 2.75 per cent, its fifth cut since last July.
At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.
European Central Bank Governing Council member Klaas Knot said investor bets for interest-rate cuts in January and March are reasonable, while any commitment beyond is difficult due to heightened global uncertainty.
Chief Adviser Professor Muhammad Yunus has sought the assistance of the European Central Bank president Christine Lagarde to recover
Speaking to leaders at the World Economic Forum in Davos, Lagarde had to go onto the defensive in the face of criticism from a leading US financier.
President Trump sees global interest rates dropping, but the strong U.S. economy and his policies lead the Federal Reserve to diverge from other central banks. The ECB, Bank of Canada, and BoE are cutting rates,
ECB officials reduced the deposit rate by a quarter-point to 2.75%. They continued to describe their current monetary-policy stance as ‘restrictive’, signaling more loosening is in the pipeline, while