By Hanna Ziady, CNN London (CNN) — The European Central Bank (ECB) cut interest rates Thursday, lowering borrowing costs for the second time in recent months as inflation slows and Europe’s economy stumbles. The move takes the benchmark rate in the 20 countries that use the euro to 3.5%, from 3.75% previously. The ECB cut rates for the first time in five years in June, but kept them unchanged at its last meeting in July. Inflation has since fallen further, dropping to 2.2% in August, its lowest level in three years and close to the central bank’s 2% target. Wage growth, keenly watched by ECB officials, also eased in the second quarter. At the same time, fears about the eurozone’s ec
Hence then, the article about europe cuts interest rates again as economic recovery falters was published today ( ) and is available onNews channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Europe cuts interest rates again as economic recovery falters )