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ECB cuts interest rates for fourth time this year

  • The European Central Bank has ordered a third successive interest rate cut to 3% to help address a slowdown in the euro area.
  • This cut is the fourth this year, as staff expect a slower economic recovery than projected in September.
  • The economic recovery relies on rising real incomes and increased investment by households.
  • Analysts predict that the European Central Bank will continue cutting rates at every meeting in the first half of next year based on current trends.
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Center

On Thursday, the European Central Bank announced a cut in its key rates, the third in a row. And it's probably not over, according to François Villeroy de Galhau The governor of

·France
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Lean Left

The European Central Bank (ECB) is once again lowering its interest rates and is monitoring the situation in France and Germany very closely.

·Strasbourg, France
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The European Central Bank (ECB) has cut interest rates by another quarter of a percentage point in a Christmas present. Economists estimate that a €100,000 loan has become cheaper by €80 in a year and a half. Interest rates are expected to continue to fall next year, but economists emphasize that only structural reforms will revive the economy.

·Vilnius, Lithuania
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Right

The ECB today decided on its fourth interest rate cut of the year, lowering the key interest rate by 0.25 percentage points to 3 percent. The decision was not necessarily expected in advance. Inflation has been rising again recently.

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  • 42% of the sources lean Left
42% Left
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Eldiario.es broke the news in Spain on Wednesday, December 11, 2024.
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