ECB cuts interest rates again as inflation continues to fall Economics The move means the main interest rate was reduced by 25 basis points to 3.25 per cent, down from a peak of four per cent which was reached last September.
Eurozone inflation falls below target for the first time since mid-2021 Economics Annual inflation fell to 1.8 per cent in September, down from 2.2 per cent in August and below the 1.9 per cent expected by economists.
ECB cuts interest rates again as inflation continues to ease Economics Despite the cut, interest rates remain in restrictive territory in the eurozone, meaning monetary policy is still bearing down on inflation and slowing growth.
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