ECB

It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.

The Governing Council of the European Central Bank (ECB) decided to cut interest rates by 25 basis points for a third consecutive time.

He further added that inflation could be on track to meet ECB's 2% target in the first half of 2025, stressing the need for policymakers to reduce the "highly restrictive" interest rates.

60 % of the companies admitted that attracting skilled employees has become more difficult due to wage levels.

Greek banks received ECB approval to resume dividend payments after 16 years and a painful debt crisis.

The Greek central banker, considered as among the “doves” on the European Central Bank's governing council, also said the latter must differentiate its positions from the FED

Greece's central banker also said high market prices in the country bely a problem with competitiveness

The Bank of Greece Governor says the ECB should not be swayed by the US Federal Reserve and must cut rates at least twice before summer

This is the fourth consecutive time Europe’s central bank has kept the interest rates unchanged after 10 increases in a row between July 2022 and September 2023

In this context, they emphasize that those who do not intend to explore their luck in alternative forms of savings/investment over the next two years and have surplus liquidity would do well to hurry and lock in their interest rates until 2026.