Economic news
European markets hold steady after ECB rate cut
2024.09.12 09:15
LONDON (Reuters) – Euro zone government bond yields, the euro and European stocks held steady on Thursday after the European Central Bank cut its main interest rate for a second time in three meetings, in line with expectations.
The euro was last at $1.1019, up less than 0.1%.
The German yield, the benchmark for the euro zone, was little changed after the decision at 2.124%, up two basis points on the day.
The pan-European benchmark index held gains and remained higher by 1.1%, while an index of euro area banks was up 1.8%.
Attention was now set to turn to the post-decision press conference from ECB President Christine Lagarde at 1245 GMT.
