Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

ECB keeps deposit rate at record level


October, 26 2023
watermark Economic news

The European Central Bank decided not to change its key rates at today's meeting. It is worth noting that since July 2022, the ECB has raised rates 10 times in a row to contain record high inflation.


Today, the base rate remains at 4.5%, the rate on margin loans is at 4.75%, and the deposit rate is at 4%. This decision coincided with market expectations: most economists believe that the rate hike cycle is now over. 


The euro remained almost indifferent to the regulator's decision, fluctuating around €1.0547 to the dollar. The stock market showed a slight improvement in sentiment, although the Euro Stoxx 50 index is still in the red.


The ECB's rate hike cycle began in July 2022. Prior to that, the deposit rate was negative (-0.5%), the base rate was 0%, and the rate on margin loans was 0.25%. The Central Bank consistently increased these rates in response to inflationary trends.


At the previous meeting in September, rates were raised by 0.25 percentage points, which brought them to the current figures. The reason for this was inflation data and economic indicators of the region.


The ECB plans to achieve inflation of 2% in the medium term. In September 2023, inflation in the eurozone was 4.3%, in August this figure reached 5.2%. Decisions on rates will be made based on the analysis of new economic data and the effectiveness of the current monetary policy.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.