ECB’s Lagarde: rate cut not on the agenda
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)
Global Banking & Finance Review
Why waste money on news and opinions when you can access them for free?
Take advantage of our newsletter subscription and stay informed on the go!
Top Stories13 hours ago
Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season
Technology2 days ago
Four Change Management Strategies to Foster Successful Cloud Transformation at Financial Institutions
Top Stories3 days ago
UK’s Hiscox to sell Singapore and Thailand insurance business
Business2 days ago
Xsolla Announces Acquisition of AcceleratXR, A Multi-Player Platform For Games