ECB Holds Rates Steady as Rising Energy Prices Threaten Inflation
The ECB holds its deposit rate at 2.50%, refinancing rate at 2.65% and marginal lending rate at 2.90%, warning of energy-driven inflation risks.
Cryptocurrency news, market insight, company coverage, and practical guides related to interest rates.
Bitcoin came within $4 of $87,000 on Coinbase before retreating on Monday, following Friday’s climb above the level and late-session sell-off.
Bitcoin reached about $87,249 after U.S. payrolls rose by just 29,000 and unemployment hit 4.2%, then retreated below $87,000.
Following the Bank of Japan's interest rate hike to 1.25%, Japanese government bond yields reached levels unseen in decades, triggering discussion over yen carry trade unwinding…
A sharp rebound in oil prices is introducing new inflation risks, potentially complicating expectations for near-term rate cuts and adding headwinds for Bitcoin.