In focus today In the euro area, the ECB meeting today is expected to end with yet another 25bp rate cut, bringing the policy rate to 2.50%, 150bp lower than the peak last year. While the cut decision is relatively straight forward, divergences in the ECB’s GC members assessment of the policy stance is starting […]
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Inflation has been forcing consumers to make hard choices. With 25% of American households living paycheck to paycheck in 2024, per Bank of America data, consumers are cutting back on discretionary spending to make room Read more…
Markets The ECB cut its policy rate as expected by 25 bps with the deposit rate hitting 2.5%. The decision wasn’t unanimous, but there was no opposition neither. Hawkish Austrian ECB governor Holzmann did abstain. Read more…