ECB set to pause rate hikes as eurozone feels pinch

The European Central Bank’s key deposit rate has reached an all-time high of 4% due to the extended tightening cycle.

The long tightening cycle has left the key deposit rate at 4%, its highest mark in the history of the central bank. As such, the ECB was unlikely to “seriously” think about raising rates again at the moment “amid rising uncertainty over the global outlook”, said Pictet analyst Frederik Ducrozet.ECB policymakers were in “watch and see” mode Thursday, Ducrozet said, with new official forecasts only set to be published at the governing council’s next meeting in December.

“Weaker economic conditions and higher interest rates are having a clear impact”, said ING economist Bert Colijn.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ECB to hold rates but may discuss quicker reduction of bond portfolioFRANKFURT: The European Central Bank (ECB) will keep interest rates unchanged at a record high today (Oct 26), snapping a 15-month streak of increases...
Source: theSundaily - 🏆 25. / 51 Read more »

PM’s spokesperson: Britain would discuss humanitarian pause in Gaza but not ceasefireLONDON, Oct 25 — Britain would discuss a humanitarian pause in the conflict in Gaza to facilitate aid shipments, but does not want a wholesale ceasefire as that would only...
Source: malaymail - 🏆 1. / 86 Read more »

World leaders seek to suspend Israel-Hamas fightingGAZA: Countries including the US, Canada, Russia and Arab states pushed for either a pause or ceasefire in fighting between Israel and Hamas in the Ga...
Source: theSundaily - 🏆 25. / 51 Read more »

Dollar bounces, euro pressured by growth outlook divergenceThe Eurozone’s bleak forecast contrasts with the US Fed’s potential rate hikes on strong data.
Source: fmtoday - 🏆 5. / 72 Read more »

'My Life Feels Empty': Married Malaysian Compares His Life To Friends Who Are Still SingleMany men joked about how they no longer have much freedom once they get married - and despite being in a happy marriage, some can’t help but wonder what life
Source: HypeMY - 🏆 10. / 63 Read more »

World leaders seek to suspend Israel-Hamas fighting for Gaza aidJERUSALEM, Oct 25 — The United States and Russia were among several nations pushing for a pause in fighting or a ceasefire between Israel and Hamas to allow humanitarian aid into...
Source: malaymail - 🏆 1. / 86 Read more »