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Learning & News => News related to Crypto => Topic started by: sirty143 on June 09, 2024, 07:56:25 AM

Title: European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach
Post by: sirty143 on June 09, 2024, 07:56:25 AM

European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Path Ahead

The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend on market reactions and evolving data. See more for yourself here (https://news.bitcoin.com/european-central-bank-cuts-rates-by-0-25-confirms-data-driven-approach-for-path-ahead/).

Your opinion is greatly appreciated.

Title: Re: European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Pat
Post by: Stompix on June 09, 2024, 01:53:13 PM

It was so expected due to the nature of the vote where it's 20 people from different countries with known policies that it wasn't really a surprise to anyone in the markets, much of it was already priced in, it would have been a major surprise had it not happened! Inflation is hovering around 2.2-5%, a year ago it touched 7% the rate hike has worked, it's not that it will go below 2% this year as there will probably be no reduction until the end of the year but much of the end crisis and recession scenarios are already a thing of the past!

So, basically not much to speculate on this, that's why crypto won't be radically influenced either till the FED does the same!