cuts

WORLD

The ECB cuts interest rates for the first time in 5 years

June 8, 2024
5 years
cuts
ecb
economy
rates

The European Central Bank (ECB) has cut interest rates for the first time in nearly five years, warning that further reductions will depend on the easing of price pressures. Thursday’s rate cut from 4% to 3.75%, not mirrored by central banks in the US and UK, marks a milestone in the fight against inflation following […]