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European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years
Thursday, October 17, 2024 - 8:55am | 381The European Central Bank on Thursday lowered the deposit rate by 25 basis points. The widely-anticipated move marks the ECB's third interest rate cut of the year. "The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also...
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If You Invested $1,000 In Bitcoin When The ECB Said It's 'Irrelevant' Here's How Much You Would Have Today
Thursday, February 22, 2024 - 7:04pm | 937On Feb.22, Europe's leading financial authority, the European Central Bank (ECB) doubled down on its criticism of Bitcoin (CRYPTO: BTC), saying it has "no fair value." But that was not the first time the ECB criticized the apex crypto. Here’s a look back at what...
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Davos Crypto Panel Backs CBDCs, Rejects Dogecoin; Ripple CEO Says 'I Don't Get It'
Thursday, January 18, 2024 - 3:07pm | 644A panel at the World Economic Forum (WEF) meeting in Davos, Switzerland titled "Clear-Eyed About Crypto" agreed the cryptocurrency industry needs further regulatory clarity. The panel also struck an optimistic tone but rejected the appeal of meme coins like Dogecoin (CRYPTO: DOGE). When...
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Trump's Re-Election Could Spell Trouble For Europe, Warns ECB President Christine Lagarde
Thursday, January 11, 2024 - 8:14pm | 565The European Central Bank (ECB) president, Christine Lagarde, has voiced apprehensions about the possible re-election of Donald Trump as US president, terming it a “clear threat” to Europe. What Happened: While speaking to France 2, Lagarde suggested that the policies implemented by...
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What The Markets Are Expecting From Thursday's ECB Interest Rate Decision
Wednesday, March 15, 2023 - 4:26pm | 923Markets are eagerly awaiting the European Central Bank's policy meeting on Thursday, March 15, with officials expected to hike interest rates by at least 25 basis points (bps), while a greater half-point rise remains possible. The likelihood of a 50bps hike has substantially decreased in recent...
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The European Central Bank Could Be Misguided, Economist Says
Monday, November 3, 2014 - 7:20pm | 357A recent piece by Michael Heise at Allianz, “Low Inflation Is Good News,” outlined how lowering crude oil and commodity prices could “lower prices for energy and commodities [and] percolate down through the whole value chain.” Heise argued that, in particular, the...
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Draghi Delivers a Positive Outlook for Eurozone
Friday, August 2, 2013 - 6:42am | 316The euro traded at $1.32 on Friday morning after European Central Bank President Mario Draghi addressed the public with a hopeful message about the future of the eurozone. The bank's monthly policy meeting on Thursday concluded without any major changes as was expected. Bloomberg reported that...
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Brent Near $110 on Positive Economic Data
Friday, August 2, 2013 - 6:42am | 275Brent crude oil traded just below $110 on Friday morning after better than expected economic data eased future demand worries. The commodity traded at $109.48 at 9:06 GMT on Friday morning. This week several of the world's largest central banks held their policy meetings, all of which concluded...
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ECB Could Release Meeting Minutes
Tuesday, July 30, 2013 - 7:40am | 304The euro traded steadily at $1.32 on Tuesday morning as a week of central bank meetings got underway. The US Federal Reserve, the European Central Bank and the Bank of England are all due for policy meetings this week, scaling up the probability of big moves in the market. All three banks are...
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Euro Rises As Business Sector Improves
Friday, July 26, 2013 - 7:18am | 340The euro stood to end the week on a high note on Friday morning as it climbed nearer to $1.33. The common currency saw a boost after better than expected PMI data gave investors hope for the region's recovery. The dollar slid against the euro after lackluster economic data put the brakes on the US...
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Eurozone PMI Injects Optimism into the Market
Thursday, July 25, 2013 - 7:50am | 294The euro climbed on Thursday morning after positive data renewed hope that the eurozone would return to growth at the end of the year. The common currency rose to $1.3215 at 7:04 GMT on Thursday. According to the Wall Street Journal, the eurozone's business activity picked up in July for the first...
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Eurozone Unemployment Expected to Continue to Rise
Tuesday, July 23, 2013 - 7:41am | 296The euro traded steadily at $1.32 on Tuesday morning after a Group of 20 meeting at which eurozone finance ministers promised to put economic growth ahead of austerity moving forward. The news was welcome in the struggling southern European nations where the populations have become disillusioned...
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Spain To Present View on the ECB's Role in the Eurozone
Thursday, July 18, 2013 - 7:21am | 331The euro slipped to $1.30 on Thursday morning after US Federal Reserve Chairman Ben Bernanke reiterated the bank's plan to continue with its stimulus plan for the foreseeable future. Although Bernanke was quite vague in his testimony to Congress on Wednesday, he confirmed that the bank hadn't set...
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Falling Exports a Bad Sign For Eurozone GDP
Wednesday, July 17, 2013 - 7:44am | 297The euro traded steadily at $1.31 on Wednesday morning as investors awaited US Federal Reserve Chairman Ben Bernanke's testimony before congress. Last week, Bernanke's remarks that the Fed was planning to continue its $85 billion per month stimulus plan into 2014 sent the dollar tumbling. Now,...
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Euro Wades Through Choppy Water to Set Up Banking Union
Monday, July 15, 2013 - 6:45am | 339The euro steadied at $1.30 on Monday morning after soaring as high as $1.32 due to weakness in the dollar. The common currency is in for a bumpy road ahead as the region works toward a centralized banking union that will break the link between the financial system and individual member...