This was the ECB’s second charge minimize one this 12 months following a 25bps discount in June.
It got here on the again of faltering financial progress and softer eurozone inflation, with the latter dropping to 2.2% final month.
Eurozone inflation drops to 2.2% in August
In keeping with the central financial institution’s Governing Council, inflation is anticipated to choose up once more later this 12 months, “partly as a result of earlier sharp falls in vitality costs will drop out of the annual charges”, earlier than declining in direction of the ECB’s 2% goal within the second half of 2025.
“The Governing Council will proceed to comply with a data-depende…
