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.

The ECB has left all three key interest rates unchanged


January, 25 2024
watermark Economic news

The European Central Bank has decided to leave all three key interest rates unchanged. The base loan rate was maintained at 4.5%, the deposit rate at 4%, and the margin loan rate at 4.75%. 


The regulator also noted that the latest statistical data confirmed its previous assessment of medium-term inflation risks.


The main factors influencing the decision were the weakening of core inflation and restrictive financial conditions, which have an impact on economic activity and the growth rate of consumer prices.


The ECB is committed to the goal of bringing inflation back to 2%, and the governing council believes that key rates are at a level that contributes to achieving this goal.


The regulator will also continue to reinvest proceeds from the repayment of securities acquired under the asset repurchase program (APP) in the first half of 2024. The next step will be to reduce the portfolio of securities acquired under the emergency asset purchase program (PEPP), starting in the second half of 2024. It is planned to complete the reinvestment of PEPP proceeds by the end of 2024.


The ECB leadership emphasizes its readiness to adjust all instruments to ensure that inflation returns to the target level of 2%.


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.