Reported about 9 hours ago
The European Central Bank (ECB) has reduced interest rates by 0.25% to support economic growth and counter inflation, bringing the deposit facility rate down to 2.75%. Despite recent progress towards its inflation target of 2%, some sectors still struggle with growth. ECB President Christine Lagarde noted that while the eurozone's economy is stagnating, conditions for recovery are present, although challenges from global policies remain. This decision contrasts with the US Federal Reserve, which opted to maintain its current rates.
Source: YAHOO