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ECB urges caution on interest rate cuts amid inflation uncertainty

The ECB is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions. The European Central Bank (ECB) is treading carefully on potential interest rate cuts, opting to approach its September meeting with an open mind and guided…

ByPexecoAugust 23, 20240Comments

News

Bank of England Cuts Interest Rates to 5%

The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities. The Bank of England cut interest rates at its August meeting for the first time since…

ByPexecoAugust 1, 20240Comments

Finance News

ECB’s Lagarde foresees a bumpy road to 2% inflation

ECB President Christine Lagarde highlighted the complex journey towards the 2% inflation target at the ECB Forum on Central Banking in Sintra. Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB's 2% inflation target during her address at the ECB Forum on Central Banking in Sintra on…

ByPexecoJuly 14, 20240Comments

Banks

Erste Group Bank: Why it deserves your attention

Established in 1819, Erste Group Bank AG offers financial and banking services. Asset/Liability Management & Local Corporate Center, Retail, Corporates, Group Markets, Savings Banks, and Group Corporate Center are the business segments through which the bank operates. Account managers in the retail network oversee businesses that deal with private individuals, micros, and independent professionals. The…

ByPexecoJuly 8, 20240Comments

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ECB urges caution on interest rate cuts amid inflation uncertainty

Bank of England Cuts Interest Rates to 5%

ECB’s Lagarde foresees a bumpy road to 2% inflation