ECB cuts interest rates for third time in 2024 as inflation falls below target

The European Central Bank (ECB) Thursday lowered its key interest rates for the third time this year, continuing to ease monetary policy amid weak growth in the eurozone and inflation falling below the bank’s 2% target. Eurostat data released on Thursday showed September inflation at 1.7%, down from an initial estimate of 1.8% and August’s … Continue reading ECB cuts interest rates for third time in 2024 as inflation falls below target