In these dark days before Christmas, the US central bank Fed this week expressed hope for interest rate cuts in 2024. However, the message from the European Central Bank (ECB) was a lot more gloomy: interest rates will remain unchanged at 4% for a long time to come. But these expectations should be taken with a grain of salt, explains Joost Derks, currency expert iBanFirstin Boerenbusiness Currencies. In conversation with presenter Eric de Lijster, he says that the money market is certainly taking lower interest rates into account next year. This week's surprising rise of the euro against the dollar is also discussed, as well as the special monetary policy of the new government in Argentina.
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