economy

WORLD

The Governor of the Finnish Central Bank believes that lower interest rates will support the Eurozone economy.

June 8, 2024
central bank
economy
erozone
finnish
support

The fight against inflation is not completely won yet. Inflation is expected to continue slowing down, and the latest interest rate cut should aid economic recovery. This was stated by ECB Governing Council member Olli Rehn in response to the European Central Bank’s (ECB) decision, according to Reuters. Rehn, who is also the Governor of […]

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 […]