ECB Resists Market Pressure for Interest Rate Cuts The European Central Bank (ECB) has resisted market pressures for swift interest rate cuts, maintaining a cautious monetary policy approach despite Europe’s faltering economy and market anticipation for more affordable credit to stimulate business and stock market activities. ECB President Christine Lagarde, affirming the decision to keep the benchmark rate at a high 4%, stated that discussions about rate reductions are premature. While markets expected a rate cut as early as April, Lagarde emphasized that any future decisions will be based on the latest economic data rather than a fixed timetable, although she hinted at a possible cut in the summer. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Rates Continue to Climb in February READ MORE Japan Spends $59 Billion in Market Moves to Bolster Yen Amid Economic Woes READ MORE Silver Stackers: "China Has Your Back" – Mike Maloney READ MORE Jerome Powell Expects Prolonged Rate Hold as Inflation Eases Slowly READ MORE Europe Rallies on French Election, US Awaits Jobs Data READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment