The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
Tag: Eurozone
Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.
European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed
The bank held rates for the fifth consecutive time, but said confidence was growing that inflation would return to its target and it could ease its stance soon.
Inflation Cools in Eurozone, Nearing Central Bank’s Target
Prices in the countries that use the euro rose 2.4 percent in the year through March, coming closer to the European Central Bank’s 2 percent inflation target.
Eurozone Price Pressures Edged Higher to End the Year
Inflation in the countries that use the euro rose to 2.9 percent in December, but the underlying rate continued a downward trend.
Jacques Delors, Passionate Architect of European Unity, Dies at 98
As the executive of the European Union for a decade, he oversaw its increasing economic integration and led the drive for a single currency, the euro.
Eurozone Inflation Falls to 6.9%, as Energy Prices Ease
The rate of inflation in countries using the euro slipped to 6.9 percent over the year through March, from 8.5 percent the previous month, but underlying price gains edged higher.
Inflation in Eurozone Slows as Energy Prices Ease, but Officials Remain Wary
Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first moderation in 18 months.
Bread Prices Skyrocket as Inflation Grips Europe
The elevated costs of flour, nuts, eggs and even electricity are forcing bakers to increase their prices and cut their production.