Central Bank Watch
Euroland Gets its Third Central Bank Rate Cut Since June
October 17, 2024
A decision to cut European Central Bank interest rates by 25 basis points has now been confirmed, bringing the deposit, refinancing and marginal lending facility rates to 3.25%, 3.40% and 3.65%. Rates were also reduced at the previous monetary policy review on September 12, making this the first pair of consecutive cuts since ones at […] More
New Overnight Developments Abroad - Daily Update
Little Doubt that ECB Will Be Cutting its Interest Rate Today. Also Awaiting Turkish Central Bank Decision and Several U.S. Data Releases
October 17, 2024
Consumer price inflation in the euro area last month was just revised downward by a tenth of a percentage point to a 41-month low of 1.7%. That’s below target and down from the October 2022 peak of 10.6%. Between June and September, consumer prices were unchanged on balance. With today’s revision, service sector revision has […] More
