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You will not be guaranteed Negative Balance Protection
You will not be protected by FCA’s leverage restrictions
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Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

Note: Ultima Markets is currently developing a dedicated website for UK clients and expects to onboard UK clients under FCA regulations in 2026.

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2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
4.Investing through this website does not grant you the protections provided by the FCA.
5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

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ECB Cut Rates to Boost Inflation and Economy Growth

UM Editor

September 13, 2024 at 11:02 am

On Thursday, the European Central Bank reduced its rates from 3.75% to 3.50%, citing easing inflation and economic conditions as reasons for slightly easing its policy stance. This marks the second rate cut in three months, signalling a gradual normalization after last year’s aggressive rate hikes in response to the highest inflation levels in decades.

(ECB Interest Rate Decision, Source: Investing.com)

According to the ECB, based on the Governing Council’s updated evaluation of inflation, underlying inflation trends, and the effectiveness of monetary policy, another step toward easing restrictions is now appropriate. The central bank did not indicate further rate cuts for October but acknowledged that domestic inflation remains elevated. However, it highlighted that pressures from labour costs are easing, and profits are partly offsetting the impact of higher wages on inflation.

Additionally, the rate at which banks can borrow from the ECB through weekly auctions was reduced more significantly from 4.25% to 3.65%, following an earlier decision to lessen penalties for using this facility. The rate for daily cash auctions was also reduced, falling from 4.50% to 3.90%. Money markets are anticipating several more cuts of similar magnitude, potentially leaving the deposit rate at 2.0% to 2.25% by June 2025.

(ECB Deposit Facility Rate, Source: Investing.com)

Disclaimer  

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.

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