US EditionEuropean Central Bank trims interest rates after inflation dips below target
- The European Central Bank has cut its main interest rate to 2%, marking the eighth reduction since last June due to falling inflation.
- Year-on-Year consumer price inflation across the eurozone dropped to 1.9%, falling below the ECB's 2% target for the first time since September.
- President Donald Trump has criticized the Federal Reserve for not lowering borrowing costs in the United States following the ECB's cuts.
- Negotiations between the EU and U.S. On trade are reported to be progressing 'at pace' and 'in the right direction' according to Maroš Šefčovič and Jamieson Greer.
123 Articles
123 Articles
ECB is ‘nearly done’ with cuts if forecasts hold, Vujcic says
DUBROVNIK, Croatia (Reuters) -The European Central Bank is “nearly done” cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday. The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back at its 2% target after three years of overshooting. “I would agree we are nearly done and that we are in a good po…
The European Central Bank (ECB) continues to move its cards. According to the original report, it has chosen to reduce interest rates again, marking the eighth time they do so in the last year. But it is not just a matter of moving numbers.This decision, at least in part, responds to the fact that inflation in the euro area has returned to its already well-known target of 2%.A real achievement, considering the three long years in which to exceed…
European Central Bank cuts rates again but pause seen ahead
FRANKFURT, Germany – President Christine Lagarde said the European Central Bank was in a “good place” to deal with global uncertainty as it cut interest rates again Thursday, fueling expectations it might soon hit pause after a lengthy easing cycle. The ECB cut its key deposit rate a quarter point to 2 percent, as widely expected, its seventh consecutive reduction and eighth since June last year when it began lowering borrowing costs. READ: New …
The ECB Is Leaving No Space for More Tax Cuts. If You Go Back Down It Will only Be After the Summer.
Christine Lagarde has reduced the interest rate to 2% and has made it very clear that the ECB is staying out of space to make many more discounts. It is not certain that the jury will fall back this year.
Daily Journal
ECB cuts rates again but pause seen ahead
President Christine Lagarde said the European Central Bank was in a "good place" to deal with global uncertainty as it cut interest rates again Thursday, fuelling expectations it might soon
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