The costs for governments across the eurozone edged lower at the beginning of the week, as investors looked towards the European Central Bank's -url=https://www.irishexaminer.com/maintopics/interest-rates_topic-84884.html] interest rate[/url] decision on Thursday. The interest rate for Ireland to borrow money for 10 years fell to 2.8% as Germany's 10-year bond eased to 2.4%. The ECB is widely expected to leave interest rates at the current record high of 4%. But investors will listen for any hints from ECB president Christine Lagarde on when borrowing costs might start to fall and look for clues in updated economic projections. Eurozone yields have risen this year as traders tempered expectations for big and fast rate cuts as economies and inflation proved stronger than expected.

Source: Irish Examiner March 04, 2024 17:39 UTC