There has been talk in Europe that Mario Draghi might have make more noise about vigilant policy to prevent weakness from arising, but very few in the investor community were expecting much from the European Central Bank (ECB). Ditto for the Bank of England. Now we have interest rate decisions from both central banks, and frankly these almost feel like duds.
In a move widely expected, the ECB maintained its interest rates steady. The interest rate policy statement said:
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively.
The Bank of England’s Monetary Policy Committee voted on Thursday to maintain its official bank rate at 0.5%. The committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at 375 billion pounds.
Back to work.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.