ecb

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 […]

WORLD

Banks are failing to meet climate goals. The ECB is threatening them with fines

June 7, 2024
bank
climate goals
ecb

Banks in the eurozone are making overall progress in addressing climate-related risks. However, some may face monetary fines. Certain eurozone banks have not met the targets set by the European Central Bank (ECB) for combating climate change, which could result in fines, according to a report by Reuters cited by TASR. “We have informed several […]