European Central Bank Implements Third Interest Rate Cut This Year

Reported about 1 month ago

The European Central Bank (ECB) has lowered interest rates by 25 basis points for the third time in 2024, marking the first consecutive cuts in 13 years. The new deposit rate is set at 3.25%, responding to a weakening growth outlook and declining inflation, which fell to 1.7% in September. As a result, the ECB faces increasing pressure to maintain price stability amidst projections of a recession in Germany, the largest economy in Europe.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis