ECB cuts interest rates to 2.75% as central banks diverge
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
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The 25 basis points cut is the fourth carried out by the central bank this year
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Investors will likely ‘remain in the dark before each upcoming meeting’ until the end of the year, according to experts
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The bank is forecast to cut rates earlier than expected after being ‘spooked’ by a rapid fall in inflation
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Industry commentators anticipate one more cut by the ECB this year
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Key events for wealth managers in the week beginning 9 September
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JTC Groups’ Simon Gordon explains how the renewables trust sector is showing signs of recovery
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Markets were assigning a 92% probability of the ECB holding rates prior to today’s meeting
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Industry commentators discuss hold decision
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The benefits from a rate cut may be marginal given the region’s increasingly fragile political situation
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Industry commentators react to the eurozone cutting its lending rate 25bps to 3.75% on Thursday
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Key events for wealth managers for the week beginning 3 June
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