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European Central Bank set to cut interest rates just days before the Fed's big decision
The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of the U.S. Federal Reserve beginning its own rate-cutting cycle. Traders are widely anticipating an interest rate cut at the Federal Reserve’s Sept. 17-18 meeting, as well as at the ECB’s meeting this week. “The rate cut this Thursday should be largely uncontroversial,” Holger Schmieding, the chief economist at Berenberg Bank, told CNBC in an email to clients. “Virtually all recent ECB speakers have confirmed that they would like to lower rates. Even Bundesbank President Joachim Nagel, usually considered to ... (full story)
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- Posted: Sep 11, 2024 8:49am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,960
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