_european-central-bank-expected-to-cut-interest-rates-weakening-currency-and-diverging-from-the-federal-reserve.jpg "European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve from bbw inflation sound Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:45
👁 View: 13.1M times
✓ Published: 04-Jun-2024
👁 View: 13.1M times
✓ Published: 04-Jun-2024
Description:
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_funnel-feeding-your-piggy-out-of-her-clothes-audio-roleplay-sfx.webp "BluBelly")
_snake-noodle-inflation.webp "Fattylover")
_are-shoppers-becoming-less-brand-loyal-amid-the-cost-of-living-crisis.webp "As food prices rise by around 24% on average, customers have changed their shopping habits to keep up with increased costs.")
_coke-and-mentos.webp "Sangria Snake")
_paramount-outlines-contingency-plan-at-shareholder-meeting-amidst-uncertain-sale-prospects.webp "Paramount leadership outlined plans at its annual shareholder meeting if a potential sale of the company does not occur. The Office of the CEO, comprised of three executives, proposed $500 million in cost cuts, divesting non-core assets, and lowering debt. Paramount has agreed to terms for a merger with Skydance Media and investment firms, pending approval from controlling shareholder Shari Redstone. The presented plan focuses on growing content and franchises while cutting spending and lowering Paramount's junk credit rating debt level.")
⏲ 0:36 👁 7.4M
_what-are-high-yield-savings-accounts.webp "A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.")
_the-vinyl-factory-reverb-london39s-180-studios-presents-spellbinding-fusion-of-art-and-sound.webp "'Reverb', presented by 180 Studios and The Vinyl Factory, is a groundbreaking multimedia exhibition that highlights the synergy between art and sound, featuring works by Theaster Gates, Es Devlin, Virgil Abloh, and more.")
⏲ 1:32 👁 4.4M
_phl-statistics-authority-inflation-o-antas-ng-pagtaas-ng-presyo-noong-may-2024-bumilis-sa-3-9-124-gma-integrated-news.webp "#GMAIntegratedNews #KapusoStream<br/><br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_funnel-feeding-your-piggy-out-of-her-clothes-audio-roleplay-sfx.jpg)
_snake-noodle-inflation.jpg)
_are-shoppers-becoming-less-brand-loyal-amid-the-cost-of-living-crisis.jpg)
_coke-and-mentos.jpg)
_paramount-outlines-contingency-plan-at-shareholder-meeting-amidst-uncertain-sale-prospects.jpg)
_what-are-high-yield-savings-accounts.jpg)
_the-vinyl-factory-reverb-london39s-180-studios-presents-spellbinding-fusion-of-art-and-sound.jpg)
_phl-statistics-authority-inflation-o-antas-ng-pagtaas-ng-presyo-noong-may-2024-bumilis-sa-3-9-124-gma-integrated-news.jpg)
![[+]](/images/menu.gif){kind=small}