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I confirm my intention to proceed and enter this websiteThe European Central Bank (ECB) remained resolute in its battle against inflation, maintaining interest rates at elevated levels during the April meeting. The main refinancing operations rate stood firm at 4.5%, a 22-year high, while the deposit facility rate held steady at an unprecedented 4%. Although acknowledging the continued decline in inflation, with underlying measures and wage growth easing, the central bank expressed caution, citing persistent domestic price pressures fueling high services price inflation.
In a glimmer of potential respite, the ECB signaled a willingness to consider easing the monetary policy stance, should inflation demonstrate a steady trajectory toward the 2% target. President Lagarde underscored the data-dependent nature of future rate decisions, emphasizing that the central bank remains uncommitted to a predetermined course, opting instead to respond dynamically to evolving economic conditions.
In the wake of the European Central Bank’s policy decision, the euro experienced a decline, weakening to $1.07, marking its lowest level in approximately two months. European equity markets experienced a selloff on Thursday. The benchmark STOXX 50 index fell by 0.7%, reaching a four-week low of 4,966 points, while the broader STOXX 600 index lost 0.4%, closing at 504. The banking sector bore the brunt of the declines, with prominent lenders such as UniCredit, BBVA, and Santander all registering losses close to 3%.
(EURUSD Monthly Chart)
(STOXX 50 Index Monthly Chart)
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