The ECB plans to cut interest rates this week as Eurozone inflation nears its 2% target.
The European Central Bank (ECB) is set to cut interest rates this week as inflation approaches its 2% target. This follows a previous rate reduction in June, marking only the second cut since 2019. Eurozone inflation fell to 2.2% in August, its lowest in over three years. While the ECB aims to provide relief to households and businesses, it is expected to remain cautious and not disclose future rate plans, relying on incoming data instead.
September 09, 2024
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