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The 26 members of the ECB's governing council will meet just over a week before an August 1 deadline set by US President Donald Trump for the imposition of his government's punitive tariffs.
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Lower energy prices helped bring consumer prices in May to below the ECB's 2% target for the first time since September
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India saw sharp surge in ECBs during March, with private sector companies raising a record $11 billion. Of the total, $8.3 billion was routed through the automatic channel, while $2.7 billion came via the approval route.
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ECB policymakers decided to lower the benchmark deposit rate by a quarter point for the sixth time in a row, leaving it at 2.25 percent.
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The post on the X account of Pope Francis was sent out on Tuesday ahead of Ash Wednesday, the start of the season of Lent when the foreheads of Roman Catholics are marked with the ashes of burnt palm leaves
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It was the fifth ECB rate cut since June and markets expect two or three more this year
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From Trump's crypto push to the European Central Bank's hunt for digital euros, here's a look at some of the major developments from across the world.
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The cut, the third in a row and the fourth since June, left the Frankfurt-based institution's key deposit rate at three percent.
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Central banker Christine Lagarde needs to point to a steady unwinding of restrictive interest rates
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The central bank noted the stock market, particularly in the US, had become increasingly dependent on a handful of companies perceived as the beneficiaries of the AI boom
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In the second quarter (July-September), rural business finance disbursements have reduced by 5 per cent YoY and 6 per cent quarter-on-quarter. Rural business finance disbursements during the quarter stood at Rs 5,435 crore, as compared to Rs 5,773 crore in the quarter-ago period and Rs 5,740 crore last year.
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Noman Ali claimed eight wickets as Pakistan's frontline spinners bowled them to a 152-run victory over England in the second test in Multan on Friday to level the three-match series at 1-1.
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The cut, which followed a similar move at the ECB's last meeting in September, put the institution's key deposit rate at 3.25%
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Pakistan captain Shan Masood said his bowlers had to learn how to take 20 wickets in a test match and their opponents England had shown them the way after sealing an innings victory in the series opener on Friday.
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The UK and euro area central banks have little choice but to lower their key interest rates twice before the end of 2024
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Europe’s sluggish growth could persist long into the future, former ECB chief Mario Draghi warned this week.
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Policymakers need to send confidence-boosting signals to bolster sluggish economies
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Stock portfolio churn could be tricky as Fed takes cues from high-frequency indicators and starts cutting rates for better risk-reward balance
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On funding issues for the non-banks, ICRA said that the NBFCs are expected to face headwinds related to funding availability, which is likely to impede their growth
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Thursday's decision leaves the rate that the ECB pays on bank deposits at 3.75%. Banks can continue to borrow at the central bank's weekly and daily cash auctions for 4.25% and 4.50%, respectively.
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While in the recent past a few central banks such as the European Central Bank, Bank of Canada and the Swiss National Bank have embarked upon the rate easing cycle, inflation continues to be a spoilsport and hence requires a guarded watch.
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For export-oriented sectors such as Auto and Chemicals, global growth is improving on a long-term perspective. However, one needs to be careful about short-term uncertainties in the interest rate trajectory. The other key watch for the medium term is the outcome of the US Presidential election and how it influences the China-plus-one trend.
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From GameStop's unprecedented rally to Chinese regulator's efforts to ease investor concerns over delisting, here's a look at some of the major developments from across the world.
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The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the U.S. labour market was easing.
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Several economists anticipate a near-term divergence between the Federal Reserve and most G10 central banks due to the Fed's anticipated delay in initiating rate cuts.
