Source: Politico
“The European Central Bank cut its key interest rate by a quarter-point to 3.0 percent, reflecting continued progress in bringing inflation down and growing concerns about the state of the economy. While the decision — a fourth cut in seven months — was widely anticipated, there had been some speculation on a larger half-point cut, after a series of weak data in recent months suggested the economy might have already ground to a standstill, even before an expected onslaught of trade tariffs next year from U.S. President-elect Donald Trump. Yet updated forecasts, published on Thursday, show the ECB still expects decelerating inflation to be flanked by continued growth — albeit somewhat weaker than before.” (12/12/24)
https://www.politico.eu/article/ecb-cuts-interest-rates-again-as-inflation-eases-and-growth-falters