The European Central Bank (ECB) has announced that it will cut the three benchmark interest rates by 0.25%. This marks the first reduction in the reference rate in 8 years, with the last one occurring in March 2016 when rates were lowered to 0%. The ECB experts predict economic growth to increase to 0.9% in 2024, 1.4% in 2025, and 1.6% in 2026. The overall inflation is estimated to average 2.5% in 2024, 2.2% in 2025, and
ECB Announces Historic Interest Rate Cut, Forecasting Economic Growth and Inflation for Future Years
