ECB cuts interest rate to 3.25% as inflation declines below target

The European Central Bank lowered its key interest rate from 3.5% to 3.25%, reflecting optimism as inflation drops to a three-year low of 1.8%, below its 2% target. This third cut since June suggests further rate reductions may be expected as economic growth slows.

Oct 17, 2024 - 20:00

ECB cuts interest rate to 3.25% as inflation declines below target

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The European Central Bank lowered its key interest rate from 3.5% to 3.25%, reflecting optimism as inflation drops to a three-year low of 1.8%, below its 2% target. This third cut since June suggests further rate reductions may be expected as economic growth slows.