European Central Bank (ECB) policymaker Olli Rehn stated on Wednesday that market expectations of the ECB reducing interest rates twice more this year, reaching 2.25% by 2025, are “reasonable,” according to Bloomberg. The Finnish central bank chief emphasized the need to bring inflation back to 2% without significantly hindering economic activity. Following Rehn’s comments, the […]
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Cruise ships have limited space, so in many cases adding something new means getting rid of something old. Those decisions can be tough because many cruisers like things to stay the same even if they Read more…
BoC Deputy Governor Rhys Mendes said in a speech today that “We no longer need interest rates to be as restrictive as they were,” which justified the larger rate reduction of 50 bps at this Read more…
The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day. Earlier, the Aussie dropped to low of Read more…