_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 janet mills press conference 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
_janet-mills-maine-cdc-coronavirus-press-conference-july-30.webp "Bangor Daily News")
_usmnt-press-conference-as.webp "USMNT press conference AS from janet mills press conference")
_maine-governor-janet-mills-press-conference-concerning-coronavirus-in-maine-march-12-2020.webp "Maine Public")
⏲ 37 minutes 56 seconds 👁 808
_maine-governor-janet-mills-holds-press-conference-june-1-2020.webp "NEWS CENTER Maine")
_gov-mills-surveys-damage-ahead-of-press-conference-on-recovery-efforts.webp "NEWS CENTER Maine")
_governor-mills-coronavirus-press-conference.webp "NEWS CENTER Maine")
_can-ancelotti-add-to-his-real-madrid-legacy.webp "Victory in the UCL final will see Ancelotti be just one trophy off the top of the all-time list at the club")
_governor-janet-mills-july-17-2020-press-briefing-on-reopening-of-schools-in-the-fall.webp "Maine Public")
⏲ 48 minutes 26 seconds 👁 847
_janet-mills-maine-cdc-coronavirus-press-conference-july-30.jpg)
_usmnt-press-conference-as.jpg)
_maine-governor-janet-mills-press-conference-concerning-coronavirus-in-maine-march-12-2020.jpg)
_maine-governor-janet-mills-holds-press-conference-june-1-2020.jpg)
_gov-mills-surveys-damage-ahead-of-press-conference-on-recovery-efforts.jpg)
_governor-mills-coronavirus-press-conference.jpg)
_can-ancelotti-add-to-his-real-madrid-legacy.jpg)
_governor-janet-mills-july-17-2020-press-briefing-on-reopening-of-schools-in-the-fall.jpg)
![[+]](/images/menu.gif){kind=small}