2:18 PM ยท 12 December 2024

BREAKING: EURUSD trades lower after ECB cuts rates by 25pb ๐Ÿ“Œ

01:15 PM GMT, Euro Zone - ECB Interest Rate Decision for December:

  • actual 3.15%; forecast 3.15%; previous 3.40%;

The ECB held rates steady, cutting the deposit rate to 3% and the main interest rate to 3.15%, in line with expectations. The ECB dropped the term "restrictive," signalling a less aggressive stance, but refrained from committing to a specific rate path.

  • Inflation forecasts align with the 2% target by 2026, but domestic inflation remains elevated due to delayed wage adjustments.
  • Growth projections are downgraded, with domestic demand expected to rebound gradually as policy effects fade.
  • PEPP portfolio is declining by €7.5 billion/month as reinvestments stop.
  • Traders maintain expectations for 127 bps of rate cuts by 2025.
 

 

6 August 2026, 7:51 AM

Economic Calendar: Could Smaller Job Reports Pressure Fed to Hike?

6 August 2026, 7:09 AM

Morning Wrap: Equities under pressure after Wall Street took profits, FX frozen (06.08.2026)

5 August 2026, 3:02 PM

Breaking: US services remain strong, inflation pressures rise

5 August 2026, 1:42 PM

GOLD eyes 4200 USD ๐ŸŸก

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits