European Central Bank Prepares for its First Rate Cut Since 2019

Wednesday, 5 June 2024, 06:17
The European Central Bank is set to lower interest rates for the first time since 2019, signaling a shift in policy after an extended period of high inflation following the Covid-19 pandemic. This move marks the end of a rapid rate-hiking phase and highlights the ECB's response to economic challenges in the region.
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European Central Bank Prepares for its First Rate Cut Since 2019

European Central Bank Rate Cut Announcement

After a prolonged period of fast-hiking interest rates due to post-Covid-19 inflation spikes, the European Central Bank is poised to make a significant policy change by cutting rates for the first time since 2019. This decision signifies a shift in the bank's strategy towards addressing economic uncertainties in the current landscape.

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