ECB cuts interest rates again amid sluggish Eurozone growth

The European Central Bank policymakers have decided to lower interest rates by a quarter percentage point, a third such cut this year as inflation across the 20-member Eurozone came down to 1.7% in September.  ECB President Christine Lagarde says while the bank does not expect a recession, downside risks remain amid hightened geopolitical tensions.  Plus, China has announced a fresh stimulus package to prop up the faltering property sector. 

Oct 17, 2024 - 22:49
ECB cuts interest rates again amid sluggish Eurozone growth
The European Central Bank policymakers have decided to lower interest rates by a quarter percentage point, a third such cut this year as inflation across the 20-member Eurozone came down to 1.7% in September.  ECB President Christine Lagarde says while the bank does not expect a recession, downside risks remain amid hightened geopolitical tensions.  Plus, China has announced a fresh stimulus package to prop up the faltering property sector.