European Central Bank Lowers Rates for First Time Since 2019
TL;DR Summary
The European Central Bank has cut its key interest rate by a quarter-point to 3.75%, ahead of the U.S. Federal Reserve, as global central banks lean towards lowering borrowing costs. ECB President Christine Lagarde indicated that future rate cuts would depend on inflation trends, which remain above the 2% target. Analysts expect the ECB to hold rates steady in July, awaiting further inflation data. The move contrasts with the Fed's approach, which is also expected to cut rates later this year.
Topics:top-news#economic-growth#economics#european-central-bank#federal-reserve#inflation#interest-rates
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- European Central Bank Cuts Interest Rates for First Time Since 2019 The New York Times
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