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ECB cuts interest rates for first time since 2019
Business Standard
|June 07, 2024
Now at 3.75% from all-time high of 4%; ECB non-committal on rate path
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The European Central Bank(ECB) went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight was far from over.
In new forecasts released with the widely flagged rate cut, the ECB said it expected inflation to average 2.2 per cent in 2025 up from a previous estimate of 2.0 per cent and meaning it was now seen holding above the central bank's 2 per cent target well into next year.
このストーリーは、Business Standard の June 07, 2024 版からのものです。
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