Preview of Economic Updates in Europe: ECB and BoE Policy Announcements Expected
The European Central Bank and the Bank of England are expected to maintain their interest rates this week, following the U.S. Federal Reserve’s decision to keep its rates unchanged. This would mark the third consecutive meeting where the Federal Reserve has adhered to this policy. Future interest rate changes are now under attention, with both the ECB and BoE predicted to cut their rates by mid-next year. The bank of England, led by Governor Andrew Bailey, will likely maintain the benchmark rate at a 15-year record of 5.25%. The ECB, led by President Christine Lagarde, will likely retain the main refinancing rate at 4.50%. This is relevant for eddcaller.com users since it details essential economic conditions that influence unemployment rates, thereby affecting the volume of calls to customer service lines.