Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

ECB keeps intrigue on monetary policy


September, 06 2023
watermark Economic news

Members of the European Central Bank have warned investors expecting that the bank will not raise the interest rate next week that the decision remains open, and a rate hike is still one of the possible options. 


This happened against the background of a deterioration in economic activity in countries using the euro and a decrease in inflation. Earlier, it was assumed that the ECB would complete a series of 9 consecutive rate hikes on September 14.


The heads of the central banks of the Netherlands, France, Germany and Slovakia expressed different points of view on this issue. The head of the Central Bank of France noted that the interest rate is approaching its peak, and it may be necessary to consider the option of reducing it.


The head of the Central Bank of Slovakia believes that another rate hike is still necessary to curb inflation, and suggested raising the rate next week, after which to take a breather.


The head of the Dutch Central Bank said that investors may be underestimating the chances of a rate hike next Thursday. 


These statements indicate uncertainty about the future of interest rates in the eurozone and that the ECB's decision is still being discussed and will depend on economic conditions.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.