Ad
ECB president Lagarde delivered the last rate cut of the year (Photo: World Economic Forum)

ECB cuts key interest rate as EU growth slows further

European Central Bank (ECB) policymakers held their final meeting of the year on Thursday (12 December), delivering a fourth quarter-percentage-point interest rate cut for 2024.

This lowered its main rate to 3 percent, down from 4 percent in June this year.

“Disinflation is well on track,” said ECB president C...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

ECB president Lagarde delivered the last rate cut of the year (Photo: World Economic Forum)

Tags

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Ad

Related articles

Ad
Ad