Hellow guys, Welcome to my website, and you are watching European Central Bank cuts interest rates for the first time since 2019. and this vIdeo is uploaded by CNBC International TV at 2024-06-06T18:46:14-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | European Central Bank cuts interest rates for the first time since 2019 |
| Video Uploader | Video From CNBC International TV |
| Upload Date | This Video Uploaded At 07-06-2024 01:46:14 |
| Video Discription | The European Central Bank on Thursday confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt, despite lingering inflationary pressures in the 20-nation euro zone. It takes the central bank’s key rate to 3.75%, down from a record 4% where it has been since September 2023. ″Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady,” the ECB Governing Council said in a statement. Money markets had fully priced in the 25 basis point move lower at the June gathering. It is the first cut since September 2019, when the deposit facility was in negative territory. |
| Category | News & Politics |
| Tags | ecb live | ecb press conference | ecb press conference June 2024 | ecb press conference live | ecb press conference live today | ecb press conference today | ecb rate decision | ecb rate decision live | ecb rate hike | ecb rate hike live | european central bank | european central bank live | european central bank news | ecb |
