· 3d
ECB cuts growth forecast again, raises 2025 inflation outlook
ECB rate cut: Good news for borrowers but will there be more?
ECB cuts key interest rate to 2.5% amid 'risk, uncertainty'
The rate cut comes as the ECB seeks to alleviate pressure on consumers and businesses amid sluggish economic growth in Europe, and the threat of trade tensions with the US.
European Central Bank policymaker Mario Centeno said on Friday he expects inflation to fall to its medium-term target of 2% in a sustainable manner since euro zone inflation is "almost out of the woods".
Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs.
alcohol and tobacco costs — as well as services inflation also dipped after proving sticky for several months. The ECB on Thursday reiterated that the disinflation process was "well on track ...
The decision comes after inflation cooled to 2.4% in the eurozone in February, higher than the forecasted 2.3%. While price pressures are nearing the ECB's 2% target, the total was predominantly ...
It was the sixth straight cut. European inflation had slowed to 2.4% in February. Advertisement "The disinflation process is well on track," the ECB said in a statement. "Inflation has continued ...
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