Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
21 Apr 2025

Eurozone: ECB cuts rates by 25 bps again – UOB Group

The European Central Bank (ECB) cut interest rates by 25 bps at its 17 April meeting. This is the seventh time since Jun 2025 that the central bank has lowered rates. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be reduced to 2.25%, 2.40% and 2.65% respectively, with effect from 23 April, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Tariffs to impact region’s growth and prices

"The European Central Bank (ECB), on Thursday (17 April), lowered interest rates for the seventh time since Jun 2024. At 25 bps lower, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be at 2.25%, 2.40% and 2.65% respectively."

"Tariff developments in recent weeks have been the focus. It was thus not surprising that the ECB flagged 'exceptional uncertainty' amid the current political backdrop. The hit for the European economy will depend on the actual tariff rate the US settles on and the EU’s response."

"Assuming impact on economic growth coming from weaker US demand for European exports, we now forecast Eurozone GDP growth of 0.5% in 2025 and 1.0% in 2026, down from 0.9% and 1.2%, respectively. Our inflation forecasts now stand at 2.0% in 2025 and 1.7% in 2026, down from 2.2% and 1.9%, respectively. We now expect three more 25 bps interest rate reductions by the ECB this year, taking the deposit rate to 1.50%."

Apr 21, 2025

Silver Price Forecast: XAG/USD advances to near $33.00 due to renewed safe-haven demand

Silver price (XAG/USD) has recovered its losses registered in the previous session, trading near $32.80 per troy ounce during Monday’s European session. The recovery in the grey metal is supported by renewed safe-haven demand amid a weakening US Dollar (USD).
Read more Previous
Apr 21, 2025

Markets spooked by Trump’s interest in removing Powell – UBS

US National Economic Council Director Hassett said US President Trump was investigating whether they could fire Federal Reserve Chair Powell. Investors seem less than happy with the idea of a politicized Fed—the US dollar and long-dated government bonds have weakened.
Read more Next