ECB cuts interest rate to prop up sluggish eurozone economy
The Guardian|October 18, 2024
The European Central Bank has intervened to prevent a sharp slowdown in the eurozone economy with its first back-to-back interest rate cut since the euro crisis in 2011.
Phillip Inman
ECB cuts interest rate to prop up sluggish eurozone economy

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.

Esta historia es de la edición October 18, 2024 de The Guardian.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición October 18, 2024 de The Guardian.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE GUARDIANVer todo
Keep pledge on Britons held abroad, Lammy told
The Guardian

Keep pledge on Britons held abroad, Lammy told

Families of prominent British prisoners detained abroad have urged the foreign secretary to deliver on pledges to help secure their release amid signs of growing resistance from diplomats.

time-read
4 minutos  |
November 25, 2024
Online brutality How grim genre is affecting young people
The Guardian

Online brutality How grim genre is affecting young people

It took about 90 seconds for Rianna Montaque to see violence on her X account: a fight in a restaurant that escalated into a full-on brawl with chairs smashed over heads as bodies went sprawling.

time-read
1 min  |
November 25, 2024
Sleightholme soars as England end series on high
The Guardian

Sleightholme soars as England end series on high

A disappointing calendar year for England has at least ended with a flurry of nine tries and a healthier looking outcome.

time-read
3 minutos  |
November 25, 2024
'We are going to suffer' Amorim warns United after fast start fizzles out
The Guardian

'We are going to suffer' Amorim warns United after fast start fizzles out

Ruben Amorim said Manchester United will have to \"suffer for a long period\" before their fortunes turn after his first game in charge ended in a disappointing 1-1 draw at Ipswich.

time-read
1 min  |
November 25, 2024
Leicester sack Cooper after five months in charge
The Guardian

Leicester sack Cooper after five months in charge

Leicester City sacked Steve Cooper as manager yesterday after just five months in charge.

time-read
1 min  |
November 25, 2024
Guardiola admits he must 'find a way' to win again
The Guardian

Guardiola admits he must 'find a way' to win again

Pep Guardiola is defiant that he will end Manchester City's five-match losing sequence, with the manager stating it is \"my responsibility\" to do so.

time-read
1 min  |
November 25, 2024
This joyless incoherence will utterly destroy any illusions
The Guardian

This joyless incoherence will utterly destroy any illusions

Amorim already knows the scale of the job. And the scale is: really very big indeed

time-read
3 minutos  |
November 25, 2024
Amorim gets taste of reality as Ipswich rally
The Guardian

Amorim gets taste of reality as Ipswich rally

It was plainly too good to be true. Or to last. There were 82 seconds on the stadium clock when the Ruben Amorim era at Manchester United was jumpstarted.

time-read
3 minutos  |
November 25, 2024
Dibling lights up bewildering day when goals were low points
The Guardian

Dibling lights up bewildering day when goals were low points

For all that most people would have considered the result an inevitability, there was little that was predictable about this game.

time-read
3 minutos  |
November 25, 2024
The Guardian

Steady Slot 'We're definitely not getting carried away'

Arne Slot insisted Liverpool will not get carried away after soaring eight points clear of Manchester City, warning his players that Arsenal surrendered the same advantage last year.

time-read
1 min  |
November 25, 2024