The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to 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.
The San Antonio Historic and Design Review Commission is moving forward with the addition of a new apartment and retail space at Hemisfair.San Antonio Historic and Design Review Commission approves new apartment, retail buildings in Hemisfair
In a heartfelt tribute to honor a courageous athlete, Palo Alto College proudly announces the Paloween Hustle 5k/10k Run in honor of Samantha Tapia.Palo Alto College announces “¡Un Día de Celebración!”: A day of community & support for student scholarships The bank’s rate-setting council is expected to lower its benchmark rate from 3.5% to 3.25% at a meeting taking place in Llubljana, Slovenia, rather than its usual Frankfurt, Germany, headquarters. The anticipated cut would be its, the first time it has been below the ECB’s target of 2% in more than three years — and analysts think the bank will lower rates in December, too. Mounting evidence that the eurozone is barely growing — just 0.
One reason why inflation has fallen around the world is that central banks dramatically increased borrowing costs from near zero during the coronavirus pandemic when prices started to shoot up, first as a result of supply chain issues built up and then because of Russia’s full-scale invasion of Ukraine which pushed up energy costs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Central Bank poised to cut rates again as inflation drops below targetThe European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to 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.
Read more »
European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year highEuropean stocks were higher Tuesday, as upcoming central bank meetings remain in focus.
Read more »
European markets set to open lower following slew of central bank decisionsEuropean markets were poised to open lower Friday as investors digested a slew of central bank rate decisions this week and their impact on the global economy.
Read more »
European markets move lower following slew of central bank decisionsEuropean markets moved lower Friday as investors digested a slew of central bank rate decisions this week and their impact on the global economy.
Read more »
Euro zone inflation falls to 1.8% in September, below the European Central Bank's 2% targetEuro zone inflation fell to 1.8%, below the European Central Bank's target rate, in September, flash data from statistics agency Eurostat showed Tuesday.
Read more »
European Central Bank set for third interest rate cut of the year in meeting this weekMarkets are eyeing two more rate cuts from the euro area's central bank this year amid a weak growth outlook and lower inflation.
Read more »