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ECB holds interest rates for fourth straight session
The European Central Bank’s interest rate decision was released on Thursday at the conclusion of the December 17–18 meeting, with the bank keeping interest rates unchanged at a range of 2.15%, the lowest level since October 2022, in line with most expectations in global markets, marking the fourth consecutive meeting with rates left on hold.
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BOE cuts rates to three-year lows
The UK interest rate decision was released on Thursday at the conclusion of the December 18 meeting, with the Bank of England cutting interest rates by around 25 basis points to a range of 3.75%, the lowest level since December 2022, in line with market expectations, marking the fourth step of British monetary easing this year.
MoreOil stabilizes on potential US sanctions on Russia, seige of Venezuelan tankers
Oil prices were steady on Thursday, as investors weighed the possibility of additional US sanctions on Russia alongside supply risks stemming from a blockade of Venezuelan oil tankers.
MoreDollar maintains gains before major central banks decisions
The dollar recorded a modest rise against major currencies on Thursday, as markets positioned ahead of central bank decisions in the UK, Europe, and Japan.
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