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 Record Gold Buying by Central Banks Expected to Continue, According to TDS READ MORE Recession Predicted for 2024 by Economist Cam Harvey READ MORE Fed's Bowman Urges Caution: Inflation Risks Persist, Rate Cuts Premature READ MORE ADP Data Shows Slower Private Payrolls Growth in May READ MORE Debt Avalanche Ahead: BlackRock CEO Sounds the Alarm on U.S. Economy READ MORE Add a Comment Cancel replyYour email address will not be published.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