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 February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE BullionStar: Buy and Store Gold & Silver Bullion Bars & Coins in the United States READ MORE Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% READ MORE Silver Rally Stalls Amid Speculative Overload: What’s Next? READ MORE Central Banks Increase Gold Holdings by 44 Tons in November READ MORE Add a Comment Cancel replyYour email address will not be published.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