ECB's Second Rate Reduction Signals Gradual Shift in Monetary Policy The European Central Bank (ECB) has implemented a second interest rate cut, lowering its benchmark rate by 0.25 percentage points to 3.5% as inflation in the eurozone continues to decline. This move aims to stimulate economic growth by reducing borrowing costs for businesses and consumers. While inflation has significantly decreased from its peak, the ECB remains cautious about future rate cuts, emphasizing a data-dependent approach. The bank’s decision reflects a delicate balance between supporting economic growth and ensuring inflation remains under control, with ECB President Christine Lagarde indicating confidence in reaching their 2% inflation target while avoiding commitments to future rate paths. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices Decline as Markets Reassess Rate Cut Expectations READ MORE Central Bank Gold Purchases Surge to 33 Tons in April READ MORE December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE The Deadline To Turn in Your Gold – May 1st, 1933 READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE Add a Comment Cancel replyYour email address will not be published.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