Weak Growth, ECB Boost Traders' Euro Area Rate Cut Confidence
With the bloc facing a bleak outlook, some analysts said the ECB would have to cut rates below the 2% that markets expect to see by year-end. A 2% deposit rate falls in line with estimates for the so-called neutral rate in the euro zone, which neither restricts nor boosts growth.
ECB cuts rates and leaves room for more easing as growth lags
The European Central Bank cut interest rates today and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.
European Stocks Rise as Market Bets on ECB Cut
European stocks were climbing on Thursday as the expectation that the European Central Bank will cut interest rates later helped investors shrug off below-par economic data. The ECB appears all-but-certain to lower borrowing costs when it announces its latest decision at 8.
Lending to euro zone businesses surges after rate cuts
Bank lending to firms in the 20-nation euro area picked up last month, indicating that rapid interest rate cuts have started to flow through to the real economy, despite a gloomy lending survey, European Central Bank data showed on Wednesday.
European markets uptick ahead of anticipated ECB rate cut
London (UKX) +0.17% though UK stocks lagged behind European peers. Germany (DAX:IND) +0.26% Germany's GDP contracts 0.2% Q/Q in Q4. France (CAC:IND) +0.40% France GDP shrinks in Q4, flash estimates show.
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Yen firms on euro, dollar as rate outlooks diverge
The yen made broad gains on Thursday as Japan looks on track to keep raising interest rates as others cut, with the European Central Bank seen certain to deliver just the latest in a string of easings ...