ECB set to cut interest rates amid concerns over eurozone economy and inflation.

The European Central Bank (ECB) is expected to cut borrowing costs by a quarter point to 2.75% this week, marking its fourth reduction in a row. Despite recent inflation rising to 2.4%, the ECB aims to reach its 2% target this year. This move comes as the US Federal Reserve is expected to keep rates steady. The ECB's actions reflect concerns over the weakening eurozone economy and potential inflation undershooting.

2 months ago
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