ECB signals it is preparing to cut rates further below zero, its first reduction since 2016 and a policy shift to kick-start Europe's economy
FRANKFURT—The European Central Bank signaled Thursday it is preparing to cut short-term interest rates for the first time since early 2016 and possibly restart its giant bond-buying program, a policy shift aimed at insulating the eurozone’s wobbling economy against international headwinds that range from trade tensions to Brexit.
The ECB said in a statement that it expects its key interest rate, currently set at minus 0.4%, to remain at its current level or lower through the first half of 2020. The central bank also said its...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB signals a rate cut, sends the euro to a 2-month lowEuropean Central Bank confirms easing bias with a change in forward guidance
Read more »
European markets seen slightly higher ahead of ECB rate decisionEuropean stocks are set to open slightly higher on Thursday, after soft economic data bolstered expectations of a rate cut from the ECB.
Read more »
European markets seen slightly higher amid expectations ECB could cut rates before FedMarket focus is largely attuned to global central banks, amid expectations the ECB and the Federal Reserve could soon cut interest rates.
Read more »
What to watch today: Busy earnings day, ECB policy decision, and House votes on budget billU.S. stock futures were pointing to a slightly higher open on Wall Street this morning, following record closes for the S&P 500 and Nasdaq.
Read more »
BlackRock upgrades European assets in anticipation of a 'decisively dovish' ECBBlackRock has closed its 'underweight' position in European equities and credit, and upgraded European government bonds to 'overweight,' in anticipation of a 'decisively dovish' shift in policy from the European Central Bank (ECB).
Read more »