Germany Avoids Recession, but Weak Growth Weighs on Europe
The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.
Posted inBanking 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.
Posted inBanking 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.
Posted inBanking and Financial Institutions European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine Prices (Fares, Fees and Rates)
European Central Bank Cuts Interest Rates for First Time Since 2019
The reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.