‘Good degree of confidence’ that inflation is on the way back to 2 per cent
Christine Lagarde
Close to 200,000 homeowners are set to benefit from the ECB rate cut of 0.25 percentage points immediately
European Central Bank cuts rates but several data sets point in wrong direction and make further cuts far from predictable
European Central Bank makes first move lower interest rates after hiking them 10 times since 2022
Scale of boost for consumers, housing and investment will depend on how low borrowing costs can go
Governing council members are expected to unofficially discuss the future pace of rate cuts
While Frankfurt, as predicted, kept rates unchanged on Thursday, policymakers signalled the possibility of a rate cut at their next meeting in June
The ECB currently expects that euro zone inflation, which was running at 2.4 per cent last month, will reach its target by the middle of next year
Latest increase expected to bring increase in loan arrears, given the number of homeowners set to see fixed rates expire
Move mooted as compromise to reassure southern bloc countries that favour an earlier shift to lower rates
Comments by Fed chair Jay Powell come a day after ECB signalled possible movement in June
‘We clearly need more evidence,’ says ECB president Christine Lagarde as projections see inflation hitting 2% target next year
Markets expect Frankfurt to implement a sequence of rate cuts in the second half of 2024 but to proceed with cautious quarter-point reductions
History has warned that the last stage of returning inflation to central bank targets is often the most difficult
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