The governing board of the European Central Bank decided on the third consecutive reduction of interest rates by 25 basis points. It is the first time the ECB has cut interest rates in consecutive meetings since December 2011. The interest rate of the deposit acceptance facility, through which it gives the direction of the monetary … Read more
Thousands of borrowers will be asked to pay reduced installments for loans from next month, after yesterday’s news, the third in 2024, decision to relax the monetary policy in the Eurozone. The ECB deposit facility rate stood at 3.25% compared to 4% until last May, with analysts’ estimates calling for another 25 basis point cut … Read more
In shielding the high growth rates of the Greek economy in the coming years, the new landscape of lower interest rates that is already prescribed by the ECB’s intentions to accelerate the rate of easing of its monetary policy is expected to contribute. The strong downward trends in inflation in the eurozone and the alarming … Read more
The governor of the Bank of Greece, Giannis Stournaras, foresees two more equal reductions in interest rates, by 0.25% each, by the European Central Bank (ECB) within 2024. As he says in an interview published today in the Financial Times, “Even if we have a 25 basis point cut now and another in December, interest … Read more
After the ECB’s latest key interest rate cut, interest rates on installment loans have fallen to their lowest level since April 2023. Is a loan worth it now? After the key interest rate cut by the European Central Bank (ECB), the interest rates on installment loans are also falling. While interest rates in the first … Read more
“The European Central Bank needs to think carefully about how to deal with risks and uncertainty in an era of more volatile inflation and less clarity about the impact of monetary policy,” ECB President Christine Lagarde said. “We will have to think about how our policy framework integrates risk assessments,” she said in a speech … Read more
A new rate cut for the euro is expected to be considered by the ECB in October following the FED which cut its interest rates by half a point last Wednesday. The announcements of J. Powell pave the way for the ECB to proceed with a second cut in euro interest rates by 0.25 basis … Read more
For the second time in the current cycle of monetary policy easing, the European Central Bank cut interest rates, confirming market expectations. In particular, as stated in the relevant announcement, the Board of Directors decided today to reduce the interest rate on the deposit acceptance facility – the interest rate through which it gives the … Read more
The European Central Bank lowered its key interest rates on Thursday as expected. But when will the next interest rate hike come? The European Central Bank already announced its monetary policy turnaround in June – after much criticism – completed. Now it has driven the stakes even lower on Thursday. And rightly so. Inflation in … Read more
Promises live on, even if they are not kept. The European Central Bank (ECB) promises the 350 million people in the monetary union that their euro will be worth as much tomorrow as it is today. This is written immutably on its website, as if the past three years had never happened. During this period, … Read more