Reported 2 days ago
The European Central Bank (ECB) has reduced interest rates for the fourth time this year, lowering the deposit rate from 3.25% to 3% as economic tensions rise in France and Germany. This move, which follows a cut from a record high of 4% in June, aims to stimulate a sluggish Eurozone economy projected to grow only 1.1% in 2025. Despite inflation remaining slightly above the ECB's 2% target, policymakers are adopting a flexible approach to future rate changes based on economic data.
Source: YAHOO