The deposit rate was cut by a quarter-point to 3%—as predicted by all but one analyst in a Bloomberg survey. That brings total easing since June to 100 basis points.
Indicating its shifting stance, the ECB's statement dropped wording saying policy will remain "sufficiently restrictive" for as long as necessary.
Esta historia es de la edición December 13, 2024 de Financial Express Kochi.
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Esta historia es de la edición December 13, 2024 de Financial Express Kochi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Walmart Asks China Suppliers For Price Cuts
WALMART HAS ASKED some Chinese suppliers for major price reductions, with the US retail giant's efforts to shift the burden of President Donald Trump's tariffs facing strong pushback from firms in the Asian nation, according to people familiar with the matter.
Kalyani Samadhi Case Back in Court
The Kalyani family dispute about their mother's samadhi is back in court.
CreditAccess Sees Loan Book Growth
CREDITACCESS GRAMEEN, THE country's largest microfinance lender, reported healthy loan book growth and improved asset quality, driven by better collections across states except Karnataka.
Birla Opus steps on the gas with discounts, offers
BIRLA OPUS, THE paints venture of the Aditya Birla group, is offering nearly double the amount of price-offs or discounts on products, at 6-7%, compared to rivals such as Asian Paints and Berger, whose price discounts are at about 3-4% on its products, trade and industry sources have told FE.
K'taka CM to Present His 16th Budget Today
AHEAD OF PRESENTING his 16th budget on March 7, Karnataka chief minister Siddaramaiah on Thursday emphasised that the budget is not just a mere financial calculation but a manual for shaping the future of the state's seven crore citizens.
ECB Cuts Rates, Keeps Door Ajar for More Easing
THE EUROPEAN CENTRAL Bank lowered interest rates for the sixth time since June and indicated that its cutting phase may be drawing to a close as inflation cools and the economy digests seismic shifts in geopolitics.
Honda Could Get BYD-ed in Key Scooter Market
For the world's carmakers, the inexorable rise of Chinese electric vehicle-maker BYD and its local rivals in recent years has been a brutal lesson in disruptive innovation.
Brent extends decline in volatile trade
OIL PRICES MARGINALLY eased in choppy trade on Thursday with Brent still below $70 under pressure from trade tariffs between the US, Canada, Mexico and China, and OPEC+ plans to raise output.
We do not need to raise CNG prices
Mahanagar Gas plans to spend ₹1,000 crore in FY26 as capex compared with ₹800 crore in the current financial year.
Battery storage is here
REPORT BY JMK Research in 2023 commented on the rise of grid-scale energy storage systems (ESS) via demand-driven tenders, and how this was becoming important for the grid integration of renewables.
