Reported 2 days ago
The European Central Bank is poised to implement its fourth interest rate cut this year, aiming to support the struggling economy as inflation approaches 2%. Analysts widely predict a quarter-point reduction, despite JPMorgan Chase advocating for a larger half-point move due to recent economic data. Officials remain cautious about the economic outlook, as they deal with government instability in Germany and France while trying to navigate the implications of Donald Trump's economic policies. The upcoming decision will be announced in Frankfurt, followed by a press conference hosted by President Christine Lagarde.
Source: YAHOO