Euro zone inflation subsided unexpectedly last month, solidifying the case for the ECB to start lowering borrowing costs from record highs
The European Central Bank could start cutting interest rates in June after a continued slowdown in inflation in the euro zone, ECB policy-maker Pablo Hernandez de Cos said on Wednesday.
Consumer price growth in the 20 nations sharing the euro currency slowed to 2.4 per cent in March from 2.6 per cent a month earlier, defying expectations for a steady rate as food, energy and industrial goods prices all pulled the headline figure lower. The ECB has been cautious in starting to ease policy because it only expects inflation back at its 2 per cent target next year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swedish central bank holds rates, flags cut in May or JuneExplore stories from Atlantic Canada.
Read more »
European Central Bank cannot commit to interest rate path even after first cut, Lagarde saysMany ECB policy-makers have expressed support for a first reduction in borrowing costs from their current record highs, most likely in June, with the debate now focused on how many more cuts would follow
Read more »
Financials, energy boost European shares; central bank verdicts eyedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
European Stocks Steady as Investors Await Central Bank MeetingsEuropean stocks are hovering near record levels as investors get ready for the US Federal Reserve and Bank of England interest rates decisions later this week.
Read more »
China central bank has room to cut bank reserves ratio further, deputy governor saysThe deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio...
Read more »
Austrian central bank governor calls for end to ECB subsidy for commercial banksAustrian central bank Governor Robert Holzmann has called for the European Central Bank (ECB) to stop subsidizing commercial banks and to cut interest payments on the cash lenders received from the central bank. Holzmann argues that the current structure places a major burden on the financial outcomes of central banks and that deficits cannot be run indefinitely. The issue stems from the ECB's quantitative easing program, which has led to commercial banks parking excess liquidity at the ECB at a 4% rate.
Read more »