Tag: European Central Bank interest rates hike

Eurostat, the statistics office of the European Union, revealed on Tuesday that eurozone consumer inflation has fallen slightly from its initial estimates for the month of August. Still, it remains more than twice as high as the European Central Bank's inflation target. According to Eurostat,...

European Central Bank Governing Council member Martins Kazaks has warned investors to lower their expectations of an interest rate cut during the first six months of 2024. This comes despite the ECB remaining on track to reaching its 2% inflation target after lifting rates...

European and US stocks were mixed on Thursday as investors braced themselves for the European Central Bank's interest rate policy decision due later in the day. The Stoxx Europe 600 index edged just 0.1% higher, while stateside, S&P 500 futures rose 0.2%. Futures on...

Investors are raising bets that the European Central Bank will continue to raise its interest rates for longer than was previously expected. The ECB is set to reconvene on Thursday for its September policy meeting. Money markets have priced a 45% chance that the...

Bloomberg Economics has forecasted that the European Central Bank would continue to hike interest rates this month. "We forecast the Governing Council will push through a 25-basis-point increase for a final time in this cycle, bringing the deposit rate to 4.0%," Bloomberg announced in...

The Euro fell on Friday to its lowest level in mid-June amid growing expectations that the European Central Bank could soon pause interest rate hikes. This comes ahead of Friday's speech by Federal Reserve chair Jerome Powell, with the US central bank to continue...