Top Stories
ECB’s Lagarde: rate cut not on the agenda
Global Banking & Finance Review®
Company
SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024.
SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024.
“We have not decided, discussed or even pronounced cuts,” Lagarde told a news conference on Friday. “Duration is duration.”
(Reporting by Jan Strupczewski; writing by Balazs Koranyi; Editing by Toby Chopra)
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
The European Central Bank (ECB) is the central bank for the euro and is responsible for monetary policy within the Eurozone, aiming to maintain price stability and oversee the financial system.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount. They are influenced by central bank policies and economic conditions.
An interest rate cut is a reduction in the interest rate set by a central bank, aimed at stimulating economic activity by making borrowing cheaper and encouraging spending and investment.
A central bank manages a country's currency, money supply, and interest rates, aiming to ensure economic stability and growth, and to implement monetary policy.
Explore more articles in the Top Stories category
