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The European Central Bank (ECB) has decided to keep interest rates unchanged for the first time in over a year due to weakening economic conditions. ECB President Christine Lagarde stated that inflation is expected to stay high for a prolonged period and that the labor market is showing signs of weakness. Lagarde also emphasized the importance of structural reforms in reducing inflation pressures. The euro-area economy is projected to remain weak for the rest of the year, with subdued foreign demand and tighter financing conditions impacting investment and consumer spending. Lagarde dismissed any discussion of rate cuts as premature and urged European Union leaders to reach an agreement on fiscal rules before the end of the year.
Russia's central bank today hiked policy rates to 15%, while Ukraine cut its policy rate to 16%. The West could have used the G7 cap to send the Ruble into a tailspin a long time ago, forcing Russia to hike far more. But the EU decided Greek oligarch profits are more important... https://t.co/jUBog89Evu
ECB President Christine Lagarde urges European Union leaders to come to an agreement on their fiscal rules before the end of the year https://t.co/OfsP0EDMY2
Global Central Bank Update: -Chile cut rates for the 3rd meeting in a row, 50 bps decrease to 9.00%. -Russia hiked rates the 4th time, 200 bps increase to 15.00%. https://t.co/ATB9tBtDKE
Big central banks hit pause, with rate cuts far off - Reuters https://t.co/s3tg0W7xT6
ECB President Christine Lagarde urges European Union leaders to come to an agreement on their fiscal rules before the end of the year https://t.co/SdBfg4NKJA
Big central banks hit pause, with rate cuts far off https://t.co/lp45tIx2o7
π΄ ECB'S PRESIDENT LAGARDE URGED EUROPEAN UNION LEADERS TO COME TO AN AGREEMENT ON THEIR FISCAL RULES BEFORE THE END OF THE YEAR.
ECB President Christine Lagarde urges European Union leaders to come to an agreement on their fiscal rules before the end of the year https://t.co/nVkZQxMLbK
π΄ ECB'S NAGEL: INFLATION IS STILL FAR FROM REACHING OUR TARGET RATE OF TWO PERCENT BUT OUR TIGHT MONETARY POLICY IS WORKING.
π΄ ECB'S MULLER: A DEEP RECESSION IS NOT NEEDED TO TAME INFLATION.
π΄ ECB'S MULLER: THE EURO AREA IS IN STAGNATION, NOT A DEEP ECONOMIC CRISIS.
π΄ ECB'S MULLER: THE RATE OF PRICE INCREASES IS STILL TOO FAST.
π΄ ECB'S MULLER: THE ECONOMY IS TO DETERMINE HOW LONG RATES STAY AT THE PEAK.
BIG CENTRAL BANKS HIT PAUSE, WITH RATE CUTS FAR OFF (Reuters) On Oct. 26, the European Central Bank snapped a 15-month streak of rate hikes by keeping borrowing costs on hold at a record high, echoing the recent actions of the Federal Reserve and the Bank of England. https://t.co/yKsGnYD9es
LAGARDE COMMENTS AT ECB PRESS CONFERENCE (Reuters) The European Central Bank left interest rates unchanged as expected on Thursday, snapping an unprecedented streak of 10 consecutive rate hikes, and maintained its guidance which signals steady policy ahead. https://t.co/UV9kM8hzoI
The European Central Bank kept interest rates on hold while insisting that any talk of rate cuts was premature https://t.co/VqWmaInyqh https://t.co/zJEwnXRUlB
ECB PAUSES RECORD STREAK OF RATE HIKES (Reuters) The European Central Bank broke the longest streak of interest rate rises in its 25-year history on Thursday, as slowing inflation continued to point to an eventual drop towards its 2% target and the bloc's economy deteriorates. https://t.co/fcFuKSLkNJ
The European Central Bank kept interest rates on hold while insisting that any talk of rate cuts was premature https://t.co/CV2FE3XX9O https://t.co/D6PU4ZNNFx
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/CHX7lIYY0M
ECB breaks record streak of rate hikes as economy weakens https://t.co/d4G6iMSwrx
Big central banks hit pause, with rate cuts far off https://t.co/MAHKK5aodH https://t.co/FavhFlPdoG
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/85WruK3SHk
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/Fj8YXJ4bH4
The ECB holds rates for first time in more than a year https://t.co/7lW9Y7sIGU
The ECB holds rates for first time in more than a year. https://t.co/TxYHIMbbgq
The ECB holds rates for first time in more than a year. https://t.co/yPK51OQNds
ECB President Christine Lagarde says the euro-area economy is likely to remain weak for the remainder of this year and risks to economic growth are tilted to the downside https://t.co/3q5rIQMi7Y https://t.co/NE3XIodQFI
"Even having a discussion on cut is totally, totally premature" ECB President Christine Lagarde responds to a question on when the central bank will start cutting interest rates https://t.co/0iSEODOoG4 https://t.co/nfTzcL83GJ
π΄ ECB'S PRESIDENT LAGARDE CONCLUDES THE ECB PRESS CONFERENCE.
π΄ ECB'S PRESIDENT LAGARDE: I AM NOT GOING TO SAY WE ARE AT PEAK RATES.
πͺπΊ ECB'S LAGARDE: NOT GOING TO SAY WE ARE AT PEAK RATES
π΄ ECB'S PRESIDENT LAGARDE: DECISION WAS UNANIMOUS.
π΄ ECB'S PRESIDENT LAGARDE: GROWTH HAS WEAKENED AND PMI IS NOT INDICATIVE OF VIGOUR.
π΄ ECB'S PRESIDENT LAGARDE: WE DON'T HAVE A PURPOSE TO SHOW PROFITS OR COVER LOSSES.
πͺπΊ ECB LAGARDE: THE FACT THAT WE ARE HOLDING DOESN'T MEAN WE WON'T HIKE AGAIN
β οΈBREAKING: *EUROPEAN CENTRAL BANK KEEPS INTEREST RATES ON HOLD FOR THE FIRST TIME IN MORE THAN A YEAR AS ECONOMY WEAKENS https://t.co/oMtEL69rjj π https://t.co/75NKPCeg9S
ECB President Lagarde says there are signs the labor market is weakening, and fewer new jobs are created https://t.co/Mzb8EJVuST https://t.co/ZyTy82NKnG
π΄ ECB'S PRESIDENT LAGARDE: THE RISE IN YIELDS IS A SPILLOVER WE TAKE INTO ACCOUNT AND HELPS BRING INFLATION DOWN.
πͺπΊ ECB'S LAGARDE: DEBATE ON RATE CUTS PREMATURE
π΄ ECB'S PRESIDENT LAGARDE: THE DEBATE ON RATE CUTS IS PREMATURE.
π΄ ECB'S PRESIDENT LAGARDE: NOW IS NOT THE TIME FOR FORWARD GUIDANCE.
Watch live: ECB President Christine Lagarde speaks after opting to hold rates https://t.co/wnZIRT0ZpB
π΄ ECB'S PRESIDENT LAGARDE: WE DID NOT DISCUSS THE REMUNERATION OF RESERVES.
Euro-area economy is likely to remain weak for the rest of this year, ECB President Lagarde says Subdued foreign demand and tighter financing conditions are hurting investment and consumer spending, Lagarde adds https://t.co/Mzb8EJVuST https://t.co/C7PABG3FHh
π΄ ECB'S PRESIDENT LAGARDE: CREDIT DYNAMICS HAVE WEAKENED FURTHER.
π΄ ECB'S PRESIDENT LAGARDE: MOST MEASURES OF LONGER-TERM INFLATION EXPECTATIONS CURRENTLY STAND AT AROUND 2%.
πͺπΊ ECB'S LAGARDE: ECONOMY TO REAMIN WEAK FOR REST OF THE YEAR
"Inflation is still expected to stay too high for too long," European Central Bank President Christine Lagarde says after policy decision to keep rates unchanged https://t.co/Mzb8EJVuST https://t.co/7cqtZgccYQ
π΄ ECB'S PRESIDENT LAGARDE: STRUCTURAL REFORMS CAN HELP REDUCE INFLATION PRESSURES.
π΄ ECB'S PRESIDENT LAGARDE: THERE ARE SIGNS THAT THE LABOUR MARKET IS WEAKENING.
π΄ ECB'S PRESIDENT LAGARDE: SUBDUED DEMAND AND TIGHTER FINANCING DAMP CONSUMPTION.
ECB breaks record streak of rate hikes as economy weakens. European Central Bank president Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Athens, Greece https://t.co/y0ZhWBgaiB https://t.co/4JTceCmuW1