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Added on the 15/03/2023 15:27:32 - Copyright : France 24 EN
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
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
Argentina's main trade union confederations protest in Buenos Aires against rising prices, marching towards the National Congress. IMAGES
Thousands protest in Argentina's capital, Buenos Aires, in demand of universal basic income, as the impoverished South American country struggles to repay its $44 billion debt with the International Monetary Fund (IMF) amid rampant inflation and social unrest. IMAGES
Demonstrators gather outside the Brooklyn Center Police Department in Minneapolis to protest the shooting of Daunte Wright, a 20-year-old Black man shot dead by a police officer during a traffic stop on Sunday. They were out in the streets defying a 7pm curfew put in place Monday until early morning Tuesday. IMAGES
Christina Aguilera and Miguel at the Time 100 Gala 2013 in New York City
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