Lorenzo Ippoliti

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The ECB keeps interest rates unchanged, and the yield of the Savings Portfolio in euros remains at 1.85% (July 2026)

The ECB keeps interest rates unchanged. Yesterday, the ECB left interest rates unchanged at 2.25%. It is important to remember that, after years of near-zero or negative rates, the ECB began a very rapid tightening cycle: rates rose from -0.50% in July 2022 to a peak of 4.00% in September 2023. It subsequently began a…

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The Federal Reserve Holds Rates Steady: Kevin Warsh’s Debut. The Yield to Maturity (YTM) of the USD Savings Portfolio Remains at 3.25%

Yesterday, the Federal Reserve (Fed) held its first meeting under the leadership of Kevin Warsh. There was considerable anticipation surrounding Powell’s successor, especially because President Trump had explicitly tasked him with lowering interest rates.

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The ECB Raises Rates by 0.25%. The Yield of the Euro Savings Portfolio Increases to 1.85%

Yesterday, the ECB increased its three key interest rates by 25 basis points. With this adjustment, the deposit facility rises to 2.25% (from the previous 2.00%), the main refinancing rate stands at 2.40%, and the marginal lending facility reaches 2.65%, effective from June 17. This is the first interest rate hike in nearly three years.

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Two central banks, two realities: a divided FED and an ECB under pressure

Fed holds rates, Powell stays on Yesterday, as widely expected, the Federal Reserve decided to keep rates unchanged in the 3.50%–3.75% range. However, the Fed’s board is far from unified. Three regional Fed presidents (Hammack, Kashkari, and Logan) voted against maintaining the easing bias (the language suggesting the next move is more likely a cut…

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FED and ECB hold rates in March 2026: Savings Portfolio at 1.60% (EUR) and 3.25% (USD)

In their March 2026 meeting, both the Federal Reserve (FED) and the European Central Bank (ECB) decided to keep interest rates unchanged. The conflict with Iran and the resulting rise in oil prices have added uncertainty to an already complex environment, reinforcing the wait-and-see stance of both central banks.

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