The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after figure

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

The European Central Bank on Thursday lowered the deposit rate by 25 basis points. The widely-anticipated move marks the ECB's third interest rate cut of the year. "The incoming information on inflation shows that the disinflationary process is well on track.

The European Central Bank's governing council Thursday cut three key interest rates by 25 basis points, based on inflation falling.

In Europe, where inflation has cooled sharply, the economy is weak and could use a boost. The area is vulnerable to the conflicts around it.

The European Central Bank (ECB) has lowered benchmark rates by 25 basis points. The move was widely anticipated as the central bank adjusts to the changing

The European Central Bank (ECB) on Thursday cut its key interest rate by 0.25 percentage points, as inflation in the eurozone fell to its lowest level since early 2021. The deposit facility rate - the interest that banks receive for parking funds at the ECB - now stands at 3.

After peaking at 4%, the ECB’s benchmark deposit rate sits at 3.25% following the latest cut. Read more at straitstimes.com.

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning.