World News@lemmy.worldEnglish · 6 months ago

European Central Bank cuts main interest rate by 0.25 points

www.theguardian.com

cross-posted to:
[email protected]

European Central Bank cuts main interest rate by 0.25 points

www.theguardian.com

Riddick3001@lemmy.world to

World News@lemmy.worldEnglish · 6 months ago

cross-posted to:
[email protected]

ECB reduces rate to 3.75% across eurozone, putting it ahead of US Federal Reserve and Bank of England

Citing a sustained fall in inflation, the ECB said its deposit rate would be cut to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates.

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6 months ago
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