Investing.com – The market was pricing it in. And so it turned out. The European Central Bank (ECB) lowered the standards at its Governing Council meeting this Thursday, taking into account the new operating framework it started applying at its September Governing Council meeting.
At present, all eyes are on the organization’s president Christine Lagarde and the scheduled date of 2:45 pm Spanish time.
We are pleased to announce that Investing.com will be providing the press conference live.
Link Securities said the cut was “the third reduction in official interest rates carried out by financial institutions in recent months since they began the process of making monetary policy more flexible last June.” We believe that this step is justified, given the current situation and the weaknesses faced by the euro area’s major economies.
“What we have not made clear at all is that the ECB intends to repeat the move in December, its last Governing Council meeting of the year,” the analysts said. “Everything will depend on the development of inflation in the coming months. The reaction of the bond and equity markets to the outcome of the meeting will largely depend on what the two companies communicate in this regard,” Link Securities emphasizes. .
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