ECB gears up for another rate cut amid slowing inflation

MG News | October 17, 2024 at 09:24 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 17, 2024 (MLN): European Central Bank policymakers will meet on Thursday, as easing price pressures and slowing economic activity in the eurozone push them towards a potential interest rate cut, as APP reported.

Gathering in Slovenia, away from their Frankfurt headquarters, ECB President Christine Lagarde hinted at the changing economic landscape while touring a market in Ljubljana.

With eurozone inflation dropping to 1.8% in September, below the ECB's 2% target for the first time in three years, and Slovenia's rate down to 0.6%, a rate cut seems increasingly likely.

French central bank governor François Villeroy de Galhau confirmed that "victory against inflation is in sight," signalling further cuts may follow.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	174,429.93 266.16M	-0.97% -1703.64
ALLSHR	105,686.64 690.97M	-0.83% -882.18
KSE30	52,098.85 92.59M	-1.07% -565.05
KMI30	245,280.51 99.76M	-1.03% -2557.91
KMIALLSHR	67,681.60 339.32M	-0.84% -574.20
BKTi	49,745.96 31.42M	-0.99% -497.94
OGTi	34,431.76 6.26M	-0.55% -190.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,680.00	66,840.00 65,570.00	-840.00 -1.26%
BRENT CRUDE	94.16	95.47 91.31	3.15 3.46%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.75 -0.70%
ROTTERDAM COAL MONTHLY	119.65	0.00 0.00	-0.45 -0.37%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	87.04	88.61 84.44	2.70 3.20%
SUGAR #11 WORLD	14.83	14.94 14.71	-0.05 -0.34%