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 Yukon Government Seeks Control of Victoria Gold After Mine Disaster READ MORE Record-Breaking July for CME Group: 24.8 Million Contracts Traded Daily READ MORE Fed’s Barr Declares End to Emergency Loan Program Amid Banking Stability READ MORE Zimbabwe's State Miner Seeks $150M Investment to Boost Gold Production at Shamva READ MORE Yellen says U.S. Economic Performance 'Vindicates' Heavy COVID-Era Spending READ MORE Add a Comment Cancel replyYour email address will not be published.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