Oxford Economics: The European Central Bank Unlikely to Cut Rates in September
According to a report by Jinse Finance, Oxford Economics states that with inflation stabilizing at the European Central Bank's target level, the ECB may not cut interest rates in September. Data released last week showed that the inflation rate remained steady at 2.0% in July. This could prevent the ECB Governing Council from further lowering borrowing costs, as the council kept the deposit rate at 2.0% last month. Although we still expect inflation to ease somewhat in the coming months, we believe the progress on inflation is insufficient for the council to agree to another rate cut at that time. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Competition in US oral weight-loss drugs intensifies! Eli Lilly (LLY.US) Foundayo captures 30% of new patients, narrowing Novo Nordisk's (NVO.US) first-mover advantage
Eli Lilly stated on Monday that its oral weight-loss drug, Foundayo, has captured over 30% of the market share among new patients in the US oral obesity treatment market, narrowing the early lead achieved by Danish competitor Novo Nordisk with its Wegovy oral tablets.
2-Yr Benchmark Govt Yields - Germany vs Other Nations
2-Yr Benchmark Govt Yields - U.S. vs Other Nations
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
