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Introduction: European Central Bank expects rate cut todaygood morning. Welcome to our regular coverage of business, financial markets and the global economy.A welcome slowdown in global inflation is paving the way for central banks to cut interest rates, and today's focus is on european center bank.of E.C.B. is expected to cut interest rates for the third time this year, making it the second such cut. bank of england. Policymakers are under pressure to cut interest rates after estimates suggest inflation in the euro zone will be lower than expected. E.C.B. Achieving the 2% target in September (final values also available…
Lagarde: We are not pre-committing to a particular rate pathOver at the Bank of Slovenia, in Ljubljana, the European Central Bank is holding a press conference to explain why it has lowered eurozone interest rates today.ECB president Christine Lagarde begins by running through the statement issued half an hour ago (it’s online here).She’s explaining that the ECB’s governing council decided to lower the three key ECB interest rates by 25 basis points, because data shows that the disinflationary process is well on track.As flagged earlier, Lagarde says that inflation is expected to rise in the coming months, before declining to…
Lagarde: We are not pre-committing to a particular rate pathOver at the Bank of Slovenia, in Ljubljana, the European Central Bank is holding a press conference to explain why it has lowered eurozone interest rates today.ECB president Christine Lagarde begins by running through the statement issued half an hour ago (it’s online here).She’s explaining that the ECB’s governing council decided to lower the three key ECB interest rates by 25 basis points, because data shows that the disinflationary process is well on track.As flagged earlier, Lagarde says that inflation is expected to rise in the coming months, before declining to…
Lagarde: We are not pre-committing to a particular rate pathOver at the Bank of Slovenia, in Ljubljana, the European Central Bank is holding a press conference to explain why it has lowered eurozone interest rates today.ECB president Christine Lagarde begins by running through the statement issued half an hour ago (it’s online here).She’s explaining that the ECB’s governing council decided to lower the three key ECB interest rates by 25 basis points, because data shows that the disinflationary process is well on track.As flagged earlier, Lagarde says that inflation is expected to rise in the coming months, before declining to…
Lagarde: We are not pre-committing to a particular rate pathOver at the Bank of Slovenia, in Ljubljana, the European Central Bank is holding a press conference to explain why it has lowered eurozone interest rates today.ECB president Christine Lagarde begins by running through the statement issued half an hour ago (it’s online here).She’s explaining that the ECB’s governing council decided to lower the three key ECB interest rates by 25 basis points, because data shows that the disinflationary process is well on track.As flagged earlier, Lagarde says that inflation is expected to rise in the coming months, before declining to…
Ethereum supporters are fighting back against a wave of disinformation and FUD targeting the ecosystem. The attack comes as ETH is underperforming competing layer-1 blockchain tokens, sparking further crypto tribalism. On October 17, independent Ethereum educator and angel investor Anthony Sasano slammed Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD escalates Samani previously responded to Bitwise CIO Matt Hogan’s comment that “Ethereum is the best contrarian bet in crypto right now.” Samani, who is at war with Ethereum, recently spoke out against this, claiming that it is a “$300 billion asset with no roadmap or value generation…
A stone monument inscribed with the words “European Central Bank Eurosystem'' shines under the lights in front of the European Central Bank (ECB) headquarters. Arne Dedert/DPAThe European Central Bank (ECB) is expected to announce its interest rate decision on Thursday, with a rate cut widely expected as inflation declines in the euro zone.The decision is expected to be announced on Thursday afternoon following an external meeting in Slovenia.Currently, the main deposit interest rate that banks receive in return for funds deposited with the ECB is 3.5%. Financial experts are predicting a further 0.25 percentage point cut. This is because while…
Prime Minister Dimitar Grafchev expressed confidence that Bulgaria Meets the price stability standards required for membership. euro area Allow countries to request new convergence reports by the end of the year. Speaking ahead of the EU-GCC Summit in Brussels, he said:As you know, the last two reports from the European Commission and the European Central Bank were in June. Once the fourth criterion, price stability, is met, request an extraordinary convergence report. We hope to meet this standard by the end of the year. It currently meets three of the four criteria, with price stability being the only concern.g.” In…
Bitcoin's price surge shows no signs of slowing down, with some predicting the price topping $70,000 within the next few weeks.The world's largest cryptocurrency is currently trading above $67,600 after ballooning to its highest price since early August, according to data from CoinGecko.But where do the assets go from here?ZeroCap Chief Investment Officer Jonathan de Wet advised investors that Bitcoin's upward momentum remains strong. Note on wednesday. “got it [Bitcoin] 70,000 in the coming weeks,” de Wet said, pointing to the technical breakout as a solid foundation for further gains.Several tailwinds are starting to come together, including the political situation…
Bitcoin price closed above the $66,000 resistance level and is looking ahead to the upside. Ethereum price has rebounded from the support level at $2,542, indicating potential for further upside. Ripple price is approaching the 200-day EMA of $0.553. A higher close suggests a possible recovery. Bitcoin (BTC) and Ethereum (ETH) have established support at important levels, suggesting a potential rally. In contrast, Ripple (XRP)’s approach to key resistance levels suggests that a successful breakout could lead to upward momentum in the coming days. Bitcoin bulls are showing signs of strength Bitcoin price broke through the $66,000 resistance level on…