ECB holds interest rates at 2 per cent
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The European Central Bank is leaving its key interest rate unchanged as inflation remains under control and European businesses weather the impact of higher U.S. tariffs better than expected
ECB’s rate cut cycle effectively done, as significant downside risks to be needed for additional cuts, say experts, expecting key interest rates to remain unchanged - Anadolu Ajansı
The Spanish government plans to cede some powers related to banking supervision to the European Central Bank and the Bank of Spain, it said on Thursday, following EU criticism of its attempts to hinder BBVA's bid for Sabadell.
(Reuters) -European shares closed at record highs for the third consecutive session as signs of easing Sino-U.S. trade tensions buoyed global risk appetite, while declines in healthcare shares limited gains. The continent-wide STOXX 600 index closed up 0.2%, while other major regional indexes were flat to slightly higher.
ECB targets 2029 for digital euro launch pending EU approval. Only 3 countries have launched CBDCs globally as Europe debates privacy and banking concerns.
The U.S. Federal Reserve has moved back into line with other major rate setters after it cut rates by a quarter point on Wednesday but pushed back against market bets that it would keep going as the Washington shutdown fogs up its forecasting lens.
The European Central Bank hopes to launch a digital euro by 2029, pending legal approval, with officials continuing to lay the groundwork, Bloomberg reported on Wednesday.
Investors also looked forward to major central bank policy announcements scheduled this week. The U.S. Federal Reserve is expected to cut interest rates by a quarter-percentage point on Wednesday, while The European Central Bank is all but likely to keep rates on hold on Thursday.
European shares nudged lower on Thursday after earnings from U.S. tech giants were met with mixed reactions, reflecting concerns over growing AI-related capex spending, while investors digested a raft of corporate earnings.
The European Central Bank held rates steady for the third meeting in a row.