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January 30, 2025

European Central Bank Cuts Rates by 25 Basis Points, Matching Estimates

Frankfurt: The European Central Bank (ECB) on Thursday trimmed its three key interest rates by 25 basis points, meeting market forecast. This marked the fifth consecutive rate cut since the ECB initiated its easing cycle last June. According to Anadolu Agency, the key deposit rate now stands at 2.75%, its

US Initial Jobless Claims Down by 16,000

Washington: The number of Americans filing first-time unemployment claims decreased by 16,000 last week to 207,000, according to Labor Department data released on Thursday. According to Anadolu Agency, the figure was much lower than the market forecast of 224,000 and down from the previous week’s unrevised level of 223,000. The