Latest European Central Bank News

European Central Bank, seeing no signs of recession, cuts interest rates again

Oct. 17, 2024 11:35 AM EDT

LONDON (AP) — The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, does not expect the bloc to slide into recession as it cut borrowing costs once again Thursday in the wake of recent data showing inflation across the bloc falling to its lowest...

European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target

Oct. 17, 2024 08:23 AM EDT
LONDON (AP) — European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target.

Inflation in Europe falls below 2% and opens the way for faster rate cuts

Oct. 01, 2024 06:31 AM EDT

FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank's target of 2% for the first time in more than three years as falling energy prices give consumers relief from a burst of inflation that at one point reached into...

Inflation falls to 1.8% in Europe, below European Central Bank's 2% target for first time in more than 3 years

Oct. 01, 2024 05:09 AM EDT
FRANKFURT, Germany (AP) — Inflation falls to 1.8% in Europe, below European Central Bank's 2% target for first time in more than 3 years.

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed

Sep. 12, 2024 12:22 PM EDT

FRANKFURT, Germany (AP) — 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 likely won’t be far behind in joining the rate-cutting process. ...

European Central Bank cuts benchmark rate by a quarter point, supporting tepid growth as inflation declines

Sep. 12, 2024 08:23 AM EDT
FRANKFURT, Germany (AP) — European Central Bank cuts benchmark rate by a quarter point, supporting tepid growth as inflation declines.

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

Aug. 30, 2024 05:24 AM EDT

FRANKFURT, Germany (AP) — Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S. Federal Reserve prepare to lower borrowing costs to support growth and jobs. ...