FRANKFURT, Germany (AP) -- European Central Bank head Mario Draghi says a weak eurozone economy has held back businesses from applying for loans despite the abundant cash made available by the central bank's massive amounts of cheap credit to lenders....
BING NEWS:
- Bank of England leaves rate unchanged at 4.75%, but inflation is increasing with a no economic growth in 2024
The Bank of England on Thursday left interest rates unchanged at 4.75%, despite an inflation rate that reached an eight-month high, pushed by services and wage increases. However three members of the ...
12/19/2024 - 9:17 pm | View Link - US Fed cuts key rate a quarter point, signals fewer cuts ahead
Policymakers voted 11-to-1 to lower the US central bank's key lending rate to between 4.25 percent and 4.50 percent ... "The Chair is likely to emphasize that the current policy stance leaves the ...
12/17/2024 - 11:00 am | View Link - U.K. Pay Growth Picks Up Pace, Keeping Bank of England in Line to Hold Rates
Wages grew more rapidly again, likely underpinning the Bank of England’s reluctance to cut its key interest rate as rapidly as its European peers.
12/16/2024 - 6:28 pm | View Link - European Central Bank cuts interest rates by a quarter point in fourth trim of the year
It appears unlikely that a 0.5 percentage-point rate cut could be in store, despite headline inflation having settled near the ECB’s 2% target.
12/11/2024 - 5:42 pm | View Link - ECB on track to keep 'gradual' rate cuts, Belgian central banker says
The ECB cut key interest rates for the second time in a row at its October meeting, bringing the deposit rate to 3.25%. With the eurozone facing greater economic uncertainty, there had been ...
11/27/2024 - 4:01 pm | View Link - More
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