European Central Bank Interest Rate Cut Event Tracking
On June 6, the European Central Bank held a monetary policy meeting and decided to cut interest rates by 25 basis points after maintaining high rates for 22 consecutive months. Whether this will trigger a chain reaction, whether the Federal Reserve will follow suit, and the potential impact on the cryptocurrency market are all in question.
21:35 Breaking! The European Central Bank announces a 25 basis point rate cut! Previously, Canada has cut rates, what will the Federal Reserve do?
As the European Central Bank has fully communicated with the market, the pricing of this 25 basis point rate cut is very adequate, and its statement on the policy path for the second half of the year will become the focus of attention going forward.
21:24 Jupiter Asset Management: The Federal Reserve may follow the European Central Bank in cutting interest rates
ChainCatcher news, Harry Richards, Fixed Income Investment Manager at Jupiter Asset Management, stated in a report that as the U.S. labor market accelerates its softening, consumer weakness becomes more apparent, and housing inflation further recedes, the Federal Reserve may follow the European Central Bank and cut interest rates in the coming quarters. He said, "If the Federal Reserve keeps rates at a high level for too long while other developed country central banks ease monetary policy, it could have serious consequences."
20:26 Traders expect the European Central Bank to cut interest rates by another 40 basis points this year
ChainCatcher news, traders maintain expectations for the European Central Bank to cut interest rates, expecting another 40 basis points cut this year.
20:20 The European Central Bank has cut interest rates by 25 basis points as scheduled, lowering the three key rates to 4.25%, 3.75%, and 4.50% respectively
ChainCatcher news, the European Central Bank has cut interest rates by 25 basis points as expected, lowering the three key rates to 4.25%, 3.75%, and 4.50%, respectively:The European Central Bank's marginal lending rate is 4.5%, expected 4.50%, previous value 4.75%.The European Central Bank's deposit facility rate is 3.75%, expected 3.75%, previous value 4.00%.The European Central Bank's main refinancing rate is 4.25%, expected 4.25%, previous value 4.50%.Previous news, on May 28, European Central Bank Governing Council member Holzmann stated that he expects two to three rate cuts in 2024. This will support the European Central Bank's rate cut next week.
20:32 ECB Governing Council Member: Expected to cut interest rates twice this year, supporting the ECB's rate cut next week
ChainCatcher news, according to Jinshi reports, ECB board member Holzmann stated that two rate cuts are expected in 2024, with a maximum of three. This will support the ECB's rate cut next week.
