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 Precious Metal Prices Climb on Powell's Rate Cut Signal READ MORE US National Debt Hits Record $34 Trillion READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE Why Have Central Banks Been on a Gold-Buying Spree? READ MORE Gold Prices Surge on Geopolitical Tensions, Then Dip After Fed Comments READ MORE Add a Comment Cancel replyYour email address will not be published.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