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The European Central Bank cut interest rates as expected on Thursday and kept more easing on the table, sticking to its view that inflation in the euro zone is increasingly under control despite ...
With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S. Federal Reserve ...
The ECB’s rate-setting council cut the benchmark rate by a quarter percentage point to 2.75% at a meeting at its skyscraper headquarters in Frankfurt, Germany, with the focus on growth overtaking anxiety about inflation, which has fallen to near the bank’s target of 2%.
Thursday's was the fourth rate cut in a row, and the fifth from the record benchmark high of 4%. Worries about growth have overtaken overtaking anxiety about inflation. Inflation is down from its peak of 10.6% in October 2022, although it is still somewhat above target at 2.4% in December on higher energy prices.
Economists say the Frankfurt-based central bank, which decides interest-rate policy and supervises banks in the 20 European Union member countries that use the euro currency, will likely leave its ...
The European Central Bank has ample discretion over the way it pursues its price stability objective, as it can self-decide on the inflation target, and may also influence the way inflation is being measured. Since 2021, the ECB has defined its objective as targeting an inflation rate of 2% over the medium term. [137]
Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April ...
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted ...