Home > ECB announces lower interest rates for first time since 2019

Business
ECB announces lower interest rates for first time since 2019

Description

The European Central Bank (ECB) announces its first interest rate cut since 2019, reducing borrowing costs from record highs, but giving few clues about its next move while warning of continuing inflation pressures. "The governing council today decided to lower the three key ECB interest rates by 25 basis points," says Christine Lagarde, ECB President. SOUNDBITE

Added on the 06/06/2024 15:24:19 - Copyright : AFPTV - First images

To customise your video :

Or Create an account

More videos on the subject

  • ECB President announces a fresh hike in interest rates to combat eurozone inflation

    The European Central Bank unleashes another jumbo interest rate hike on the eurozone in an effort to combat record-high inflation, which has soared towards 10 per cent, and bring rising prices under control. The decision has been made despite concerns mounting over a darkening economic outlook. "With this third major policy rate increase in a row" says Christine Lagarde, ECB President, "we have made substantial progress in withdrawing monetary policy accommodation." SOUNDBITE

    27/10/2022 - AFPTV - First images
  • ECB to keep interest rates unchanged 'at least through end 2019'

    European Central Bank policymakers keep interest rates at their historic lows and say they would remain there "at least through the end of 2019". SOUNDBITE of Mario Draghi

    07/03/2019 - AFPTV - First images
  • ECB holds key interest rates steady: Lagarde

    European Central Bank President Christine Lagarde says the institution will freeze borrowing costs again on Thursday but warns that inflation could pick up again in the near term, in an apparent pushback against market hopes of early rate cuts in 2024. It is the second time in a row the central bank has held rates, following a run of historic hikes to tame runaway price rises. SOUNDBITE

    14/12/2023 - AFPTV - First images
  • Negative interest rates 'thing of the past': German central bank chief

    Soaring inflation in the eurozone meant the European Central Bank would soon have to bring an end to its long-standing policy of negative interest rates, the head of the German central bank says. SOUNDBITE of Bundesbank chief Joachim Nagel

    20/05/2022 - AFPTV - First images
  • US Fed chair says 'time has come' to cut rates

    Federal Reserve chair Jerome Powell says that the "time has come" for the United States to start cutting interest rates. "The time has come for policy to adjust," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming, according to prepared remarks, adding: "The direction of travel is clear." SOUNDBITE

    23/08/2024 - AFPTV - First images

More videosBusiness