ECB raises interest rates by another 50 bps

**This is a 60-seconds sample of the video. For the full version, please contact us.**

ECB raises interest rates by another 50 bps

STORY: ECB raises interest rates by another 50 bps DATELINE: March 17, 2023 LENGTH: 00:01:00 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank (ECB) 2. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President 3. various of city scenes STORYLINE: The European Central Bank (ECB) on Thursday raised interest rates by another 50 basis points (bps), citing spiraling inflation in the eurozone. After the rate hike, the interest rates on the main refinancing operations, on the marginal lending facility and on the deposit facility will be increased to 3.5 percent, 3.75 percent and 3 percent respectively. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President "Inflation is projected to remain too high for too long. Therefore, the Governing Council today decided to increase the three key ECB interest rates by 50 basis points." The decision reflected the bank's determination to bring the inflation down to its 2 percent target. The 50 bps rate hike on Thursday was pre-commi

  • Product Code
  • ILEA001252072
  • Registered date
  • 2023/3/17 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 53.95(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Japan's economy contracts annualized 2 pct in January-March

    STORY: Japan's economy contracts annualized 2 pct in January-March SHOOTING TIME: April 30 & May 4, 2024 DATELINE: May 16, 2024 LENGTH: 00:02:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of banks in Tokyo STORYLINE: Japan's economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, the latest GDP figures showed Thursday. Real gross domestic product (GDP) in this year's first quarter, adjusted for inflation, fell 0.5 percent from the previous quarter, according to preliminary data released by the Cabinet Office. Private consumption, which accounts for more than half of Japan's GDP, dropped 0.7 percent. It was the fourth straight quarter of decline, the longest streak since 2009, underscoring sluggish domestic demand. Capital spending fell 0.8 percent, down for the first time in two quarters, as Japanese firms curbed investment in mach

      Australian inflation projected to fall below 3 pct in 2024

      STORY: Australian inflation projected to fall below 3 pct in 2024 SHOOTING TIME: May 13, 2024 DATELINE: May 15, 2024 LENGTH: 00:01:21 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of grocery stores in Canberra 2. various of a shopping center in Canberra 3. various of a petrol station in Canberra STORYLINE: Australia's inflation rate is set to return to the central bank's target band by the end of 2024, the government has forecast. According to projections released by the Treasury on Sunday, inflation will fall to 2.75 percent by December and to 2.5 percent by the end of 2025. The Treasury projections suggest that inflation will fall back to the Reserve Bank of Australia's target band of 2-3 percent one year earlier than forecast by the bank in its outlook published earlier in May. The central bank's forecast does not account for unannounced measures included in Chalmer's budget whereas the Treasury's does. "Inflation is still the big near-term challenge in our economy which is

        Industrial scale of Sino-German cooperation in Beijing grows to 40 bln yuan

        STORY: Industrial scale of Sino-German cooperation in Beijing grows to 40 bln yuan SHOOTING TIME: May 14, 2024 DATELINE: May 15, 2024 LENGTH: 00:02:59 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the China-Germany (China-Europe) Hidden Champions Forum 2024 2. SOUNDBITE 1 (English): WALTER DORING, Chairman of Senate of Economy Europe, founder of ADWM GmbH, and initiator of Summit of World Market Leaders 3. SOUNDBITE 2 (English): GUNTHER WOBSER, CEO of LAUDA DR. R. WOBSER GmbH & Co. KG 4. SOUNDBITE 3 (Chinese): YANG MING, Vice President of Senate of Economy Europe 5. various of production lines 6. various of views in Beijing STORYLINE: The Beijing China-Germany economic and technological cooperation demonstration zone has attracted more than 100 German enterprises, reaching an annual industrial scale of 40 billion yuan (about 5.53 billion U.S. dollars), according to a forum held in Beijing. The China-Germany (China-Europe) Hidden Champions Forum 2024 concluded in Beijing on Tuesday, having wi

          Türkiye's Istanbul feels strain as inflation, cost of living soar

          STORY: Türkiye's Istanbul feels strain as inflation, cost of living soar SHOOTING TIME: May 10, 2024 DATELINE: May 14, 2024 LENGTH: 00:02:13 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of Istanbul in Türkiye 2. various of local shops 3. SOUNDBITE 1 (Turkish): ISMAIL HAKKI, Local clothing shop owner 4. SOUNDBITE 2 (Turkish): FERRUH BUYUKOGLU, Stationery shop owner 5. various of Turkish Treasury and Finance Minister Mehmet Simsek speaking at the press conference in Ankara, Türkiye STORYLINE: Business has been sluggish for Ismail Hakki, who owns a once-thriving clothing shop in Istanbul's old Tahtakale neighborhood. "Business declined to only a fraction of what it used to be," Hakki said as he navigated through the rows of discounted garments in his shop. Hakki's woes mirror the broader struggle gripping Istanbul, Türkiye's economic hub, where inflation has outpaced the already-crippling national rate of 69.8 percent in April, according to the Istanbul Chamber of Commerc

            EU passes stricter rule on large vehicles despite Italian opposition

            STORY: EU passes stricter rule on large vehicles despite Italian opposition SHOOTING TIME: May 14, 2024 DATELINE: May 14, 2024 LENGTH: 0:00:58 LOCATION: Rome CATEGORY: ECONOMY/POLITICS SHOTLIST: 1. various of vehicles in Rome STORYLINE: The Council of the European Union (EU) on Monday adopted new measures to reduce greenhouse gas emissions from large vehicles despite opposition from Italy and two other countries. Italy's adoption rate for electric vehicles is among the lowest in the European Union. Though the government is in talks to bring an electric vehicle producer to Italy and the number of electric cars is increasing, new data shows that greenhouse gas emissions from transport continue to rise even as overall emissions have declined. The new measure from the Council strengthens European rules for heavy-duty vehicles -- those used for commercial transport, mass transit, and recreation -- with stricter emissions targets for five-year spans starting in 2030. The new rules maintain the target of

              Bank of Japan cuts purchases of Japanese government bonds

              STORY: Bank of Japan cuts purchases of Japanese government bonds SHOOTING TIME: April 30, 2024 DATELINE: May 14, 2024 LENGTH: 00:01:44 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Tokyo STORYLINE: The Bank of Japan (BOJ) on Monday announced a reduction of the amount of Japanese government bonds it offered to buy in a regular purchase operation. The central bank offered to buy 425 billion yen (about 2.73 billion U.S. dollars) in Japanese government bonds with five to 10 years left to maturity, down 50 billion yen from the previous such operation. The benchmark yield on the 10-year Japanese government bond subsequently climbed to a six-month high of 0.935 percent at one point. The reduction was the first since the BOJ in March adjusted its massive monetary easing, including ending its negative interest rate policy. Some market participants saw the move as the BOJ's latest effort to counter the weakening yen. BOJ Governor Kazuo Ueda has said r

                Spanish business summit strengthens Shanghai-Barcelona ties

                STORY: Spanish business summit strengthens Shanghai-Barcelona ties SHOOTING TIME: May 10, 2024 DATELINE: May 11, 2024 LENGTH: 00:01:21 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of the business summit in Barcelona 2. SOUNDBITE 1 (English): JERRY JI, Vice general manager of Freshippo retail chain 3. SOUNDBITE 2 (Catalan): JAUME ROIG, Managing director of Borges Branded Foods 4. various of the business summit in Barcelona 5. SOUNDBITE 3 (Catalan): BERTA PEREZ PEY, Director of Internationalization and European Projects at Barcelona Chamber of Commerce STORYLINE: A business summit was held in Barcelona, Spain, on Friday to bolster ties and cooperation between the city and China's Shanghai. Focusing on areas of mutual interest such as financial services, the digital economy, smart cities, and tourism, the event was attended by the deputy mayors responsible for economic promotion of their respective cities. The Shanghai Municipal Commission of Commerce promoted its city with a pres

                  Türkiye raises year-end inflation forecast amid soaring prices

                  STORY: Türkiye raises year-end inflation forecast amid soaring prices SHOOTING TIME: May 9, 2024 & Earlier footage DATELINE: May 10, 2024 LENGTH: 00:01:19 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (earlier footage) 2. SOUNDBITE 1 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 3. various of Turkish lira (earlier footage) 4. SOUNDBITE 2 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 5. various of Turkish lira (earlier footage) 6. various of Turkish Central Bank (earlier footage) STORYLINE: Türkiye's Central Bank has raised its end-of-year inflation forecast for 2024 to 38 percent, a two-percentage-point increase from previous estimates, as revealed in its latest quarterly report. The bank's outlook for the subsequent years remains unchanged, with inflation expected to decrease to 14 percent in 2025 and 9 percent in 2026, aiming for a medium-term stabilization target of 5 percent. Centr

                    Swedish central bank cuts interest rate amid weak economy

                    STORY: Swedish central bank cuts interest rate amid weak economy SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:01:31 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Sweden's central bank 2. various of Stockholm street STORYLINE: Amid weak economic activity, Sweden's central bank lowered its benchmark interest rate from 4 percent to 3.75 percent on Wednesday. This is the first rate cut in eight years. The Riksbank said the change to the policy rate will apply from May 15. The Riksbank's executive board said that if the outlook for inflation still holds, two more policy rate cuts can be expected in the second half of the year. "It was expected. They cut the interest rate because inflation is sinking towards the target even faster than the Riksbank had predicted, and the economy is weak," said Alexander Noren, an economic commentator on Swedish Television (SVT). "However, they will proceed carefully and not spring any surprises," Noren added. "I am totally convinced

                      Türkiye eyes more digital nomads to boost tourism, economy

                      STORY: Türkiye eyes more digital nomads to boost tourism, economy SHOOTING TIME: May 2, 2024 and May 6, 2024 DATELINE: May 7, 2024 LENGTH: 00:02:07 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): STEF VAN EYSENDEYK, Belgian tax advisor 2. various of tourists at the airport and beaches of Antalya, Türkiye (courtesy of ihlas news agency) STORYLINE: Türkiye is making efforts to attract digital nomads - people with professional skills who work remotely - to boost the country's tourism and economy. In late April, Türkiye officially rolled out the digital nomad visa. It is now available to applicants from specific countries who meet Türkiye's income threshold. Visa recipients can live and work in big cities of Türkiye for up to one year, with the option to renew. Stef Van Eysendeyk, a Belgian tax advisor working remotely from the southern, sun-soaked resort city of Antalya, told Xinhua in a recent interview that despite high inflation, Türkiye still stands as an affordable option for di