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European Central Bank Cuts Rates for Second Time in Three Months

Banking and Financial Institutions European Central Bank Eurozone Inflation (Economics) Interest Rates

European Central Bank Cuts Rates for Second Time in Three Months

The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.

By Eshe Nelson

Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis

Bank of England Banking and Financial Institutions Building (Construction) European Central Bank Federal Reserve System Interest Rates Mortgages Real Estate and Housing (Residential)

Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis

Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing.

By Jeanna Smialek

E.C.B. Leaves Rates Unchanged but Keeps Door Open for September

Banking and Financial Institutions European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine

E.C.B. Leaves Rates Unchanged but Keeps Door Open for September

The central bank left its key deposit rate at 3.75 percent as inflation in the eurozone is expected to fluctuate throughout the rest of the year.

By Eshe Nelson

Powell Cites ‘Real Progress’ as Central Bankers Assess Inflation Fight

Economic Conditions and Trends European Central Bank Federal Reserve System Inflation (Economics) Interest Rates Lagarde, Christine Powell, Jerome H United States Economy

Powell Cites ‘Real Progress’ as Central Bankers Assess Inflation Fight

Jerome H. Powell, the Fed chair, and Christine Lagarde, the European Central Bank chief, sounded optimistic about recent inflation data but reiterated the need for more confidence for rate cuts.

By Eshe Nelson and Jeanna Smialek