After consistently raising its interest rates since 2019, the European Central Bank is set to reduce its interest rate by 0.25% from 4.50% to 4.25%.
The marginal lending facility rate will also decline from 4.75% to 4.50% and the deposit facility from 4% to 3.75%.
It remains to be seen if other major central banks such as the Bank of England or the Federal Reserve follow suit.
Shein, Counterfeit Makeup
Bargain beauty's hidden danger: The true cost of counterfeit cosmetics
Economy, Cost of Living
An Israel Central Bureau of Statistics Survey shows plenty of economic struggle but also reason for optimism.
Israel-Gaza War, United Kingdom
The major bank had originally planned to shun a sale of Israel bonds under pressure from activists, but ultimately changed its mind.
Israel-Gaza War, Credit Rating
War-driven fiscal challenges and geopolitical tensions prompt Fitch to lower Israel's rating, signaling potential economic hurdles ahead.
Ministry of Finance
In response to delays in the 2025 budget approval process, Israel's Ministry of Finance has quietly developed a contingency plan to address potential fiscal challenges.
Consumer Price Index, Inflation
While this should mean coming reductions in the interest rate, but the Bank of Israel is likely to wait on the effects of Moody's downgrading of Israel's rating and the state budget.
Israel-Gaza War, Bank of Israel, Economy
After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.
Israel-Gaza War, Economy
The Bank of Israel reported that its Composite State of the Economy Index showed that the negative effects of the war on the economy had moderated in November, its second month.
Israel-Gaza War, Hi-Tech, Economy
An analysis by Globes shows the Israeli hi-tech sector reeling from a series of blows the past few years but starting to bounce back.
