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.
Eurozone inflation rises unexpectedly but September rate cut still on July 31, 2024 Figures released today showed that prices rose 2.6 per cent in July, ahead of the 2.5 per cent expected by economists.
Central banks keep markets guessing on path of interest rates July 2, 2024 Investors looking for clear guidance on the path of interest rates received few firm commitments from top central bankers on Tuesday.