ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns The European Central Bank (ECB) cut interest rates for the first time since 2019, reducing the key rate from 4% to 3.75% amid persistent inflation in the eurozone. This decision, influenced by updated inflation forecasts and the strength of monetary policy transmission, follows nine months of steady rates. The ECB also raised its inflation outlook for 2024 to 2.5% and for 2025 to 2.2%. Markets had anticipated this 25 basis point cut and predict one more reduction this year, though some economists expect two additional cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Major Milestone for Crypto Markets — SEC Greenlights Bitcoin ETF READ MORE Should I Buy Silver or Gold? Which Performs Best In a Crisis? READ MORE CBO Report: U.S. National Debt to Exceed $56 Trillion by 2034 READ MORE How One Man’s Wealth Upended Markets from Africa to Asia READ MORE Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment