FRANKFURT, Germany — The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.
FRANKFURT, Germany — The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.It would be the ECB 's third straight reduction as it increasingly focuses on spurring lending to boost consumer spending and business investment in the 20 countries that use the euro.
In remarks last week to a European Parliament hearing, ECB President Christine Lagarde said recent data 'suggest that growth will be weaker in the short term, on the back of slowing growth in the services sector and a continued contraction in manufacturing.'Analysts expect the weaker outlook to be reflected in updated ECB economic forecasts, to be released Thursday alongside the rate call, and are predicting small downward revisions to growth and inflation estimates.
To Cut Rates Amid Bleak Eurozone Outlook
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB justifies cutting interest ratesPARIS — The European Central Bank (ECB) has 'every reason' to cut its benchmark interest rate at its next meeting on Dec. 12, Governing Council member Francois Villeroy de Galhau of France said on Thursday.
Read more »
ECB rate cut of 25 bps possible, not moreVIENNA — It is 'conceivable' that the European Central Bank (ECB) will cut interest rates by 25 basis points (bps) at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published on Wednesday.
Read more »
ECB policymakers split on inflation risksFRANKFURT, Germany — European Central Bank (ECB) policymakers were divided at their last meeting in October about the risks of inflation coming in too low over a sustained period, according to minutes released on Thursday.
Read more »
Veni, Vidi, Vici: Pinoy sci-fi shines at 2024 Frankfurt Book FestivalIn a monumental moment for Filipino science fiction, author Renato Tranquilino and 8Letters Bookstore and Publishing showcased the genre's global appeal at the Frankfurt Book Festival in Germany on Oct. 16-20.
Read more »
Filipino sci-fi shines at the 2024 Frankfurt Book FestivalIn a monumental moment for Filipino science fiction, author Renato Tranquilino, along with 8Letters Bookstore and Publishing, showcased the genre's global appeal at the Frankfurt Book Festival in Germany.
Read more »
Germany’s far-right AfD nominates chancellor candidate ahead of electionFar-right parties have gained traction across Europe in recent years, also coming to power in Italy, Sweden, the Netherlands, and Finland
Read more »