With Germany on the brink of a recession and inflation tumbling across the 20-member single currency bloc, the ECB followed a reduction in the cost of borrowing at its previous meeting in September with a further 0.25 percentage point cut in its key deposit rate to 3.25%.
Marking the third interest rate cut this year, Christine Lagarde, the ECB's president, said the fall in inflation had surprised the central bank and meant a cut was needed to ensure a soft landing for the eurozone economy.
Figures out earlier yesterday revealed that annual prices growth in the eurozone had eased last month to 1.7%, down from 2.2% in August. Lagarde said there were clear signs from most measures of business and consumer activity that the economy was weakening.
هذه القصة مأخوذة من طبعة October 18, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة October 18, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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