ECB to Cut Rates But Stay Guarded on Path Beyond [Yahoo! Finance Canada]
Aegon Ltd. New York Registry Shares (AEG)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg After a first reduction in June followed by a pause in July, the deposit rate will be decreased by a quarter-point to 3.5% on Thursday, according to all 68 economists surveyed by Bloomberg. Two other rates will also be adjusted as part of a policy revamp unveiled in March, but with few immediate consequences. While euro-area inflation has tumbled and a rebound in the 20-nation economy is stuttering, ECB officials still have an eye on stubbornly persistent price pressures — particularly in the services sector, where wages are rising rapidly. That's left them loathe to commit to a path ahead for borrowing costs — even as many spent recent weeks endorsing a reduction in September. Markets are betting that 2024 will see at least one more move beyond Thursday — especially with the Federal Reserve poised to begin loosening US monetary policy next week. “Another cut by 25 basis points seems almost a done deal,” said Janet Henry, global chief economist at HSB
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AEG
Sec Filings
- 11/15/24 - Form 6-K
- 11/8/24 - Form SC
- 10/22/24 - Form SC
- AEG's page on the SEC website