ECB President Christine Lagarde (AP) The European Central Bank lowered its key interest rate by 25 basis points on Thursday, citing growing uncertainty from US trade threats and slowing eurozone momentum.In its eighth consecutive rate cut, the ECB reduced its benchmark rate to 2%, down from a recent high of 4%, as policymakers attempt to…
Spain inflation falls below target in May (Photo: AP) Spanish inflation dipped below the European Central Bank’s two percent target in May, preliminary data showed Friday, boosting the case for more interest rate cuts in the eurozone.Consumer price rises in the European Union’s fourth-largest economy slowed to 1.9 percent on an annual basis, down from…
Follow live updates on the Trump administration. For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniel’s whiskey beckons from the bar at British pubs. In France, Levi’s jeans are all about chic. But in the tumult of President Trump’s trade war with Europe, many European consumers are starting to…
US stocks opened mixed as investors cautiously returned to tech and growth stocks, while healthcare weighed heavily on the broader market as global financial markets remained volatile on Thursday.Investors assessed a mix of corporate earnings, central bank signals, and geopolitical developments. While some sectors showed signs of recovery, others continued to feel pressure amid persistent…
The European Central Bank lowered interest rates on Thursday, the sixth consecutive cut, as the economic landscape for the region rapidly changes. The bank’s key rate was cut by a quarter point to 2.5 percent, which was widely expected as inflation in the region has stayed relatively low and economic growth has been weak. But…
European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity as the eurozone grapples with sluggish growth. This move, which lowers borrowing costs for both consumers and businesses, comes amid mounting concerns about the impact of potential trade conflicts with the US…
The European Central Bank cut interest rates on Thursday, for the fifth consecutive time, amid slowing growth in the region’s economy. Policymakers lowered the bank’s key rate a quarter point to 2.75 percent as inflation remained relatively close to their 2 percent target. The moves come a day after the U.S. Federal Reserve held rates…