_european-central-bank-expected-to-cut-interest-rates-weakening-currency-and-diverging-from-the-federal-reserve.jpg "European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve from two timer Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:45
👁 View: 12.9M times
✓ Published: 04-Jun-2024
👁 View: 12.9M times
✓ Published: 04-Jun-2024
Description:
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_2-minute-timer-relaxing-music-on-the-beach.webp "Tick Tock Countdown Timer")
_2-minute-timer-volcano.webp "Timer Topia")
_landslide-in-keelung-taiwan-injures-two.webp "A massive landslide occurred at Keelung Chaojing Park in Keelung, Taiwan, on Monday afternoon (June 3), causing large sections of the mountainside and boulders to fall, crushing several vehicles below and injuring two men. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_two-timer.webp "Pancadão Transa Som - Topic")
_two-elephants-join-the-herd-at-west-midlands-safari-park.webp "Two elephants have packed their trunks after they left Belgium to travel to their new home at the West Midlands Safari Park!")
_two-timer-my-love-is-here.webp "mhyne000")
_two-timer-live.webp "KISS")
_home-sellers-slashing-prices-at-fastest-rate-in-nearly-two-years-what39s-going-on.webp "A look at weekly and monthly data could show that homes for sale are seeing price cuts and fewer people are buying new homes, as consumers continue to grapple with high mortgage rates. Median sale prices hit records in the month of May 2024. Data points to the highest number of price cuts in nearly two years, which could suggest struggles ahead.")
_2-minute-timer-relaxing-music-on-the-beach.jpg)
_2-minute-timer-volcano.jpg)
_landslide-in-keelung-taiwan-injures-two.jpg)
_two-timer.jpg)
_two-elephants-join-the-herd-at-west-midlands-safari-park.jpg)
_two-timer-my-love-is-here.jpg)
_two-timer-live.jpg)
_home-sellers-slashing-prices-at-fastest-rate-in-nearly-two-years-what39s-going-on.jpg)
![[+]](/images/menu.gif){kind=small}