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Added on the 25/07/2019 15:47:08 - Copyright : AFPTV - First images
European Central Bank President Christine Lagarde says the institution will freeze borrowing costs again on Thursday but warns that inflation could pick up again in the near term, in an apparent pushback against market hopes of early rate cuts in 2024. It is the second time in a row the central bank has held rates, following a run of historic hikes to tame runaway price rises. SOUNDBITE
European Central Bank president Christine Lagarde says interest rates will stay at their current record low levels until it sees inflation "durably" reaching the bank's new target of two percent. IMAGES
The US Federal Reserve left its key lending rate unchanged on and penciled in just one rate cut this year, down from the three expected in March. SOUNDBITE
The European Central Bank (ECB) announces its first interest rate cut since 2019, reducing borrowing costs from record highs, but giving few clues about its next move while warning of continuing inflation pressures. "The governing council today decided to lower the three key ECB interest rates by 25 basis points," says Christine Lagarde, ECB President. SOUNDBITE
European Central Bank President Christine Lagarde announces that ECB European Central Bank left its key interest rates unchanged again. The third consecutive pause since October was widely expected, and leaves the benchmark deposit rate at a record high of four percent. SOUNDBITE
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