ECB may prime markets for September rate cut

Quick Summary:

LONDON: European Central Bank (ECB) officials may be about to prime investors for another interest rate cut, though only after one of the Governing Council’s longest-ever summer breaks between decisions.

Several policymakers have stated a preference for acting at such quarterly occasions when fresh projections are available.

Similarly, any appearance by an ECB official at the Fed’s annual retreat in Jackson Hole, Wyoming, in late August, could draw extra attention.

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Category: EconomyBusiness

Markets: MalaysiaFranceSpainUnited States

Topics: Inflation /Business/Business News ECB. interest rate Banking Policy

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 07:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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News ID: 21639220

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