ECB to deliver fresh rate cut as inflation cools

ECB to deliver fresh rate cut as inflation cools …C0NTINUE READING HERE >>>

The ECB began raising rates sharply in mid-2022 to throttle surging consumer prices.
Photo: Kirill KUDRYAVTSEV / AFP
Source: AFP

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.

The ECB began raising rates sharply in mid-2022 to throttle surging consumer prices but has begun to ease the pressure as inflation rates have fallen.

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