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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 kept the rate at the same level of 4.5%

April, 11 2024
watermark Economic news

The European Central Bank (ECB) has left deposit rates at record levels for the fifth time in a row, according to the regulator's website.


The ECB Governing Council has kept interest rates unchanged. The base rate remained at 4.5%, the marginal loan rate is 4.75%, and the deposit rate is 4%.


The press release indicates that the regulator continues to strive to return inflation to the medium-term target of 2%. The Board also believes that key rates are now at a level that makes a significant contribution to the current disinflation process.


The regulator's decision coincided with market expectations. None of the 73 economists who participated in the survey from March 25 to 28 expected a rate cut at the April 11 meeting. Almost 90%, or 68 respondents, predicted that the first ECB rate cut would occur in June 2024.


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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.