European Central Bank policymakers agreed in their meeting late January that it was premature to discuss interest rate cuts now which could derail the return of inflation to the 2 percent target, minutes of the policy session held on January 24-25 showed Thursday.
European Central Bank policymakers stressed on the need to remain vigilant against inflation risks though they were increasingly more confident that the rate would be brought to the 2 percent target by 2025, minutes of the December 13-14 policy session showed Wednesday.
It's likely to be a subdued start for stocks on Bay Street on Thursday amid a lack of fresh triggers. The U.S. market is closed today for Thanksgiving Day, and European stocks are somewhat flat with investors looking for direction.
A large majority of policymakers on the European Central Bank Governing Council favored a 50 basis point hike in March to avoid further uncertainty in the backdrop of the recent banking crisis and also because inflation continued to stay well above the bank's target, minutes of the latest rate-setting session showed Thursday.
US The first few banks are delivering a strong start to earnings season, reigniting soft landing calls, while large parts of Wall Street remain confident tha