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ECB cuts interest rates to 3.5% amid softer inflation figures and faltering growth
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This was the ECB's second rate cut one this year following a 25bps reduction in June. It came on the back of faltering economic growth and softer eurozone inflation, with the latter dropping to 2.2% last month. Eurozone inflation drops to 2.2% in August According to the central bank's Governing Council, inflation is expected to pick up again later this year, «partly because previous sharp falls in energy prices will drop out of the annual rates», before declining towards the ECB's 2% target in the second half of 2025. «The Governing Council will continue to follow a data-depende...
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Read more on investmentweek.co.ukAbout this in other media
Interest rate cuts mean time has come to buy discount bank stocks, says CIBC financialpost.com /2 months ago
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut abcnews.go.com /2 months ago
Bank of England holds interest rates at 5% after inflation stalls investmentweek.co.uk /2 months ago
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