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  5. European Central Bank cuts key rate by quarter point

European Central Bank cuts key rate by quarter point

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The European Central Bank (ECB) made its first interest rate cut since September 2019 on June 6, reducing borrowing costs from record highs. The key deposit rate was lowered by a quarter point to 3.75%, following a period of no changes since October. This move aims to provide a boost to the eurozone economy.

  1. USThe New York Times
    1. European Central Bank Cuts Interest Rates for the First Time Since 2019
  2. GBThe Times
    1. ECB cuts interest rate for first time in five years
  3. FRLe Monde
    1. ECB cuts key rate by quarter point, but raises inflation forecast

European Central Bank

  1. European Central Bank cuts interest rates to support eurozone economy
  2. Eurozone inflation jumps to 2.9% as energy costs rise
  3. ECB keeps rates steady amid eurozone recession fears

sources

  1. 1.The New York Times
  2. 2.The Times
  3. 3.Le Monde
  4. 4.New York Times
  5. 5.Times

perspectives

  1. 1.Inflation
  2. 2.European Commission under Ursula von der Leyen
  3. 3.French Economy
  4. 4.German Economy
  5. 5.Central Bank

countries

  1. 1.SwitzerlandCH
  2. 2.SwedenSE
  3. 3.United StatesUS

organizations

  1. 1.European Central Bank
  2. 2.Federal Reserve SystemUS
  3. 3.Bank of Canada
  4. 4.Group of 7 nations

persons

  1. 1.Eshe Nelson

technicals

  1. 1.Eurozone