European Central Bank cuts rates again as inflation nears 2% and growth remains weak
- The European Central Bank cut its key deposit rate by a quarter point to 2.75%, marking the fourth cut in a row since June 2024.
- Inflation in the Eurozone rose to 2.4% in December, remaining above the target of 2%, influenced by higher energy prices.
- Christine Lagarde, President of the European Central Bank, stated that the economy is expected to struggle with weak growth in the near term.
- The U.S. Federal Reserve decided to keep interest rates unchanged, contrasting with the ECB's ongoing rate cuts.
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Total News Sources0
Leaning Left29Leaning Right20Center19Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 28%
R 29%
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