ECB cuts rates for first time since 2019

Inflation across the Eurozone is likely ?to stay above the target well into next year,? the regulator has said

The European Central Bank (ECB) has cut interest rates for the first time in nearly five years, acknowledging that the fight with inflation in the euro area is far from over.

The Thursday rate cut by a quarter percentage point takes the benchmark rate in the 20 countries that use t