ECB reduces main interest rate to 3.25% amid falling inflation below 2% target in Eurozone.
The European Central Bank (ECB) has reduced its main interest rate by 0.25 percentage points to 3.25% due to falling inflation levels below its 2% target. This decision aims to stimulate economic growth in the Eurozone, where inflation has hit its lowest in over three years. The ECB is closely monitoring economic conditions and may implement further rate cuts to achieve its monetary policy goals.
October 16, 2024
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