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European Central Bank cuts growth and inflation projections as rates held steady
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investmentweek.co.ukAfter ten consecutive rate hikes, the central bank's key rate has remained unchanged at 4% since September 2023, up from -0.5% in June 2022. The latest ECB staff projections now see economic growth at 0.6% in 2024, down from a previous forecast of 0.8%, with economic activity expected to remain «subdued» in the near term. Inflation forecasts have also been revised down thanks to a lower contribution from energy prices. Staff now project inflation to average 2.3% in 2024, down from 2.7%, then hitting 2% in 2025 and 1.9% in 2026. Christine Lagarde: European Central Bank likely to cu...
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Read more on investmentweek.co.ukAbout this in other media
Swiss central bank makes a surprise cut to its key interest rate as others hold steady abcnews.go.com /8 months ago
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