ECB cuts interest rates again, says they want nothing to do with Bitcoin
· 8h · on MSN
ECB cuts rates for fifth time to 2.75 per cent
ECB cuts rates again as stagnant eurozone braces for Trump blast
Several members of the ECB’s Governing Council have already voiced such fears, stressing that the ECB should cut rates to a “neutral” level as quickly as possible. Deutsche Bank’s Mark Wall said in e-mailed comments that rates may “quite probably” end up below neutral by year-end.
was speaking today after interest rates were cut by a further 25 basis points Business Post subscribers can read:
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:
ECB President Christine Lagarde has firmly stated that Bitcoin will not be included in EU reserves due to concerns over regulatory risks.
In his first week as US President, Donald Trump’s crypto policies reportedly drew the attention of a European Central Bank official, encouraging the development of a digital euro.
Yen.com.gh on MSN1d
ECB to look past Trump risk and push on with rate cutsDespite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.
Investors eye ECB rate decision and press conference for clues on future cuts. Will a dovish stance propel the DAX higher?
Speaking at a press conference, ECB President Christine Lagarde suggested “liquid, secure and safe“ standards for central banks likely precluded Bitcoin as a reserve asset.
Brussels has called on EU member states to help revive the bloc's sluggish economies. It laid out a Competitiveness Compass with policies to boost growth. Can the plan make Europe fit for competing with China and the US?
The ECB is expected to cut rates by 25bps to 2.75% on Thursday as inflation nears 2% and growth remains weak. Analysts see further cuts in 2025, but US trade tariffs could add uncertainty.
- 08:15 (EU) ECB Interest Rate Decision: Expected to cut Key Rates by 25bps; Expected to cut Deposit Rate by 25bps to 2.75%; Expected to cut Main 7-Day Refinancing Rate by 25bps to 2.90%; Expected to cut Marginal Lending Facility by 25bps to 3.15%.
Europe's economy showed zero growth at end of 2024 as Germany, eurozone's biggest economy, struggled
Europe’s economy stagnated late last year as its former growth engine, Germany, finished a second straight year of shrinking output
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