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@ Laeserin
2024-06-10 12:57:17
# Monday Market Update
## ECB lowered interest rates
[Press release from the ECB](https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.mp240606~2148ecdb3c.en.html)
> The Governing Council today decided to lower the three key ECB interest rates by **25 basis points**. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly.
[Press conference from the ECB](https://www.youtube.com/watch?v=M_SD9JVA-bM) featuring ECB President Christine Lagarde).
## Euro-area inflation stabilizes
Source: [Eurostat](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Main_Page)
## Gold, silver, and Bitcoin continue to boom
### Precious metals
Source: [Goldpreis.de](https://www.goldpreis.de/)
### Bitcoin
Source: [Coinmarketcap](https://coinmarketcap.com/)
Source: [Fiat Market Cap](https://www.fiatmarketcap.com/)
Source: [Infinite Market Cap](https://8marketcap.com/)
