Reported about 5 hours ago
The European Central Bank (ECB) has cut interest rates for the sixth time since June, reducing the deposit rate to 2.5%. ECB President Christine Lagarde noted that the bank's cutting phase may soon conclude as inflation eases and the economy adjusts to geopolitical changes. While inflation is expected to reach the target of 2% by early 2026, there are concerns about the economic impact of increased defense spending due to recent U.S. policy shifts, leading to uncertainty in the ECB's future actions.
Source: YAHOO