ECB Interest Rates
At our meeting yesterday, the ECB’s Governing Council cut our three policy rates by 25 basis points (or, one quarter of a percent). The disinflation process remains on track, allowing us to reduce rates. However, with some components of inflation still too high for comfort – notably, services inflation – I continue to…
Why this matters
This regulatory update from the ECB discusses interest rate changes, inflation, and economic growth, which are relevant for banking, investment management, and wealth management firms. The topics covered include prudential requirements, consumer protection, and reporting/disclosure.