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Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereECB press conference key takeaways”Growth shows resilience of domestic demand.””GDP data reflects Q1 front-loading.””Investment should be underpinned by government spending.””Higher tariffs, stronger Euro, competition to hold growth back.””Headwinds on growth should fade next year.””Indicators of underlying inflation consistent with our 2% target.””Forward-looking indicators suggest that wage growth will moderate further.””Moderating wage growth to keep lid on domestic price pressures.””Core inflation to drop on declining labour cost…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereKey quotes”Trade uncertainty has diminished.””All governments need to operate on basis of EU fiscal framework.””Minimal deviation from target will not necessarily justify movement.””Euro Area sovereign bond markets are orderly, functioning with smooth liquidity.” Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar.…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereKey quotes”Disinflationary process is over.””We are still in a good place.””Inflation is where we want it to be.””Domestic economy is showing resilience.””We are not on predetermined path.””The decision was unanimous.” Source
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereKey quotes”Growth shows resilience of domestic demand.””GDP data reflects Q1 front-loading.””Investment should be underpinned by government spending.””Higher tariffs, stronger Euro, competition to hold growth back.””Headwinds on growth should fade next year.””Indicators of underlying inflation consistent with our 2% target.””Forward-looking indicators suggest that wage growth will moderate further.””Moderating wage growth to keep lid on domestic price pressures.””Core inflation to drop on declining labour cost pressures, stronger Euro.””Risks…
The Euro (EUR) reverses sharply against the US Dollar (USD) on Thursday, snapping a two-day losing streak and climbing back above the 1.1700 mark as traders digest the European Central Bank (ECB) policy announcement and US inflation data. The ECB maintained its key policy rates, including the Main Refinancing Rate at 2.15% and the Deposit Facility Rate at 2.00%, aligning with market expectations. The accompanying statement emphasized that inflation is currently around the 2% target, while the outlook remains “broadly unchanged.”The ECB now sees core inflation at 2.4% in 2025, before easing to 1.9% in 2026 and 1.8% in 2027,…
The European Central Bank left interest rates unchanged Thursday, with inflation back under control, and the economy is weathering Trump’s tariff onslaught better than expected. The bank’s rate-setting council left its benchmark deposit rate unchanged at 2% at a meeting at its skyscraper headquarters in Frankfurt. Attention at the post-decision news conference will focus on what bank President Christine Lagarde will have to say about France’s fiscal crisis – and any possible role for the ECB in containing potential market turmoil that could erupt from the country’s out-of-control deficit and political logjam.The ECB is standing pat on interest rates even…
The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. Market participants are eagerly awaiting the US CPI report. Data on Wednesday revealed that US wholesale inflation eased by 0.1%. The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. The dollar regained some of its shine this week amid geopolitical tensions. However, Fed rate cut expectations rose after a poor wholesale inflation report. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- The dollar was on the front foot on Thursday as market participants eagerly awaited…
Crude oil prices also gained over the past few sessions, putting further pressure on the rupee | Photo Credit: FRANCIS MASCARENHAS The rupee slumped 36 paise and closed for the day at an all-time low of 88.47 (provisional) against the US dollar, as ongoing tariff issue between India and the US weighed heavily on the domestic currency’s vulnerability. Forex traders said a recovery in the US dollar ahead of the inflation data and foreign fund outflows further dented investors’ sentiments. Crude oil prices also gained over the past few sessions, putting further pressure on the rupee. Traders noted that the…
The Indian rupee breached the 88 mark against the US dollar this week, sparking concerns about further depreciation and volatility in the currency market. However, a report by domestic brokerage firm YES Securities suggests that the latest weakness in the rupee is being driven more by short-term sentiment than by any major deterioration in India’s economic fundamentals.The brokerage highlighted that “Indian Rupee’s slide past the 88-mark has largely reflected tariff-driven sentiment rather than a deterioration in India’s underlying fundamentals, suggesting limited room for further depreciation.”Also Read | Mutual fund SIP stoppage ratio rises to 75% in AugustYES Securities pointed out…
The rupee depreciated 5 paise to 88.16 against the US dollar in early trade on Thursday, as market participants are keenly awaiting cues from the trade talks between India and the US.Forex traders said the rupee held its ground supported in part by renewed talk of an India-US trade deal and the rupee is expected to trade within a narrow band of 87.50-88.40 in the near term.At the interbank foreign exchange market, the rupee opened at 88.11, then lost ground and touched an early low of 88.16 against the US dollar, registering a decline of 5 paise over its previous…