European Central Bank maintains 4% interest rate amid stalled economy and slowing inflation.
European Central Bank maintains record-high 4% interest rate amid stalled economy, despite slowing inflation. Policymakers need further evidence of price growth reduction before making changes. Bank officials remain cautious about lowering rates quickly to prevent inflationary pressures. Eurozone's annual inflation rate decreased to 2.6% last month, approaching the ECB's 2% target.
March 07, 2024
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