{"id":115332,"date":"2024-10-17T22:17:47","date_gmt":"2024-10-17T15:17:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115332"},"modified":"2024-10-17T22:17:47","modified_gmt":"2024-10-17T15:17:47","slug":"ecb-cuts-interest-rates-again-as-eurozone-inflation-slows","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115332","title":{"rendered":"ECB Cuts Interest Rates Again as Eurozone Inflation Slows"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The European Central Bank cut interest rates on Thursday for the third time in about four months, as inflation in the eurozone has cooled faster than expected and economic growth has been sluggish.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Policymakers who set interest rates for the 20 countries that use the euro lowered their key rate by a quarter point, to 3.25 percent. Thursday\u2019s decision came <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/12\/business\/european-central-bank-interest-rates.html\" title=\"\">just five weeks after a cut at the bank\u2019s previous meeting<\/a>, and on a day that a report showed the eurozone\u2019s inflation rate <a class=\"css-yywogo\" href=\"https:\/\/ec.europa.eu\/eurostat\/en\/web\/products-euro-indicators\/w\/2-17102024-ap\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">slowing to 1.7 percent in September<\/a>, falling below the bank\u2019s 2 percent target for the first time in more than three years.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe disinflationary process is well on track,\u201d Christine Lagarde, the president of the central bank, said at a news conference in Ljubljana, Slovenia.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The rate move was also influenced by weaker-than-expected economic data in the past few weeks. Whether it was the inflation data or surveys of economic activity, \u201cit is the same story,\u201d she said: \u201cIt\u2019s all heading in the same direction \u2014 downwards.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">After years of trying to force inflation down with high interest rates, central bankers around the world are walking a tightrope as they consider how quickly to cut interest rates. Lowering rates too fast could reignite simmering inflationary pressures, but keeping rates too high for too long risks slowing the economy substantially and inflation becoming too weak.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In recent weeks, policymakers have suggested that rate cuts could be more aggressive as inflation has slowed significantly and economic growth has been lackluster. Last month, the U.S. Federal Reserve <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/18\/business\/economy\/fed-reserve-interest-rate-cut.html\" title=\"\">cut rates by a half-point<\/a>, paving the way for quicker or bigger rate cuts in Europe, analysts said. On Wednesday, traders increased their bets that the Bank of England would pick up the pace of its rate cuts after data showed inflation in Britain fell to 1.7 percent in September, below the bank\u2019s 2 percent target.<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-asuuk5\"><noscript><\/p>\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"css-1b5b8u1\"><path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z\" clip-rule=\"evenodd\"\/><\/svg><\/p>\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<p><\/noscript><\/p>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\" tabindex=\"-1\">\n<hr\/>\n<p>Thank you for your patience while we verify access. 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