With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower ...
The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the ...
FRANKFURT, Germany -- European Central Bank cuts benchmark rate by a quarter point, supporting tepid growth as inflation declines.
The European Central Bank’s meeting comes just days before the Federal Reserve appears poised to start its own rate-cutting cycle.
With inflation subsiding, the European Central Bank cut its benchmark interest rate Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers.