ECB considering interest rate cut due to falling inflation.

The European Central Bank (ECB) is reportedly moving towards an interest rate cut, as inflation is falling rapidly and approaching the bank's 2% target, according to Bank of Italy Governor Fabio Panetta. Panetta stated that the inflation trend is making a rate cut "possible" within the ECB governing council. The ECB may finalize this decision after reviewing wages data in May, with a potential move in June.

March 25, 2024
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