Europe cuts interest rates again as economic recovery falters

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London CNN  —  The European Central Bank (ECB) cut interest rates Thursday, lowering borrowing costs for the second time in recent months as inflation slows and Europe’s economy stumbles. The widely anticipated move takes the benchmark rate in the 20 countries that use the euro to 3.5%, from 3.75% previously. The ECB cut rates for the first time in five years in June, but kept them unchanged at its last meeting in July. Inflation has since fallen further, dropping to 2.2% in August, its lowest

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Europe cuts interest rates again as economic recovery falters https://edition.cnn.com - 12.09.2024 16:56

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Europe cuts interest rates again as economic recovery falters https://edition.cnn.com - 12.09.2024 16:56