The European Central Bank cut its interest rates in a surprise move Thursday, aiming to bolster the ailing economies among the 17 nations that use the euro currency. The bank was responding to new signs that the European economy could be falling into recession, shrinking confidence in the continent’s financial stability.

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BING NEWS:
  • EUR/USD slumps to two-year low as growth concerns weigh
    EUR/USD dumped another full percentage point on Thursday, kicking off 2025 with its lowest prices in two years. The Euro fell below 1.0250 against the Greenback since November of 2022 and putting ...
    01/2/2025 - 3:59 am | View Link
  • Bank of England huge interest rate cuts forecast for millions
    Only two experts anticipate inflation falling beneath the Bank of England's 2 percent target by 2025, with 40 percent predicting an annual consumer price inflation between 2.5-3.5 percent. The current ...
    01/1/2025 - 10:59 pm | View Link
  • Trump Tariff Fears Weigh as Euro Nears 2-Year Low Against Dollar
    The euro trades close to a two-year low against the dollar ahead of Donald Trump's second inauguration as U.S. President on January 20. Trump's proposed trade tariffs are expected to weaken an already ...
    01/1/2025 - 9:19 pm | View Link
  • Bank of England multiple interest rate cuts expected in huge boost for millions
    Survey respondents expected the European Central Bank to accelerate its interest rate cuts in 2025, with more than 50 percent forecasting borrowing costs to fall to 2 per cent or below. The eurozone’s ...
    01/1/2025 - 9:03 pm | View Link
  • ECB expects more rate cuts as inflation fears abate
    The European Central Bank expects to cut interest rates further if inflation settles at its 2% target as it expects, some of the ECB's top brass said on Monday.
    12/16/2024 - 4:21 am | View Link
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