European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again. The decision...

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control before cutting again

FRANKFURT (AP) — European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control before cutting again.

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high...

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

FRANKFURT, Germany (AP) — Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. The figure...

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and...

European Central Bank cuts interest rates by quarter point, moving ahead of US Fed to lower credit costs for consumers.

FRANKFURT, Germany (AP) — European Central Bank cuts interest rates by quarter point, moving ahead of US Fed to lower credit costs for consumers.

Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That's more than expected as a painful spike in consumer prices takes its time to fade away. It's unlikely to stop the European Central Bank from making a...

Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cut

FRANKFURT, Germany (AP) — Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cut.

Europe's economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

FRANKFURT, Germany (AP) — Europe's economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent's biggest, started to...