The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
The European Central Bank (ECB) lowered its main interest rates by 25 basis points, bringing the key deposit rate to 2% - its lowest level since January 2023. The rates for main refinancing operations and the marginal lending facility were also cut to 2.15% and 2.40%, respectively.
This marks the ECB’s eighth cut since launching its rate easing cycle in June 2024.
According to the ECB, inflation is now near its medium-term target. Projections show headline inflation averaging 2.0% in 2025, 1.6% in 2026, and returning to 2.0% in 2027. GDP growth in the euro area is forecast at 0.9% in 2025, 1.1% in 2026, and 1.3% in 2027.
The central bank also cited uncertainty around global trade, noting that escalating tensions could weigh on growth and inflation, while resolution of disputes could boost both indicators.
The rate decision followed a drop in annual euro area inflation to 1.9% in May and ongoing trade talks between the EU and U.S., after the U.S. postponed proposed tariff hikes on EU goods to July 9.
The man behind one of Japan’s most disturbing serial murder cases—dubbed the ‘Twitter killer’—has been executed, breaking a nearly three-year pause in the country’s use of capital punishment.
Iranian Foreign Minister Abbas Araghchi said on Thursday that Tehran has not made any decision to begin new nuclear talks with the United States, dismissing recent claims by President Donald Trump about a planned meeting.
SoftBank CEO Masayoshi Son said on Friday the group aims to become the world’s top platform provider for artificial super intelligence within the next decade, signaling a bold new direction for the Japanese tech giant.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
An unusual blast of cold air from Antarctica has swept across Uruguay, causing the deaths of at least seven homeless people and forcing authorities to declare a state of emergency.
The man behind one of Japan’s most disturbing serial murder cases—dubbed the ‘Twitter killer’—has been executed, breaking a nearly three-year pause in the country’s use of capital punishment.
Iranian Foreign Minister Abbas Araghchi said on Thursday that Tehran has not made any decision to begin new nuclear talks with the United States, dismissing recent claims by President Donald Trump about a planned meeting.
SoftBank CEO Masayoshi Son said on Friday the group aims to become the world’s top platform provider for artificial super intelligence within the next decade, signaling a bold new direction for the Japanese tech giant.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
An unusual blast of cold air from Antarctica has swept across Uruguay, causing the deaths of at least seven homeless people and forcing authorities to declare a state of emergency.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Shell has denied reports that it is in talks to acquire BP in a historic £60 billion deal, despite ongoing market speculation about a potential merger between the two oil giants.
Universal’s new theme park in Bedford, UK has secured a government support package worth around £500 million ($686 million) for rail and road upgrades, as part of a wider package to boost infrastructure ahead of the park’s planned 2031 opening.
Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
The man behind one of Japan’s most disturbing serial murder cases—dubbed the ‘Twitter killer’—has been executed, breaking a nearly three-year pause in the country’s use of capital punishment.
Iranian Foreign Minister Abbas Araghchi said on Thursday that Tehran has not made any decision to begin new nuclear talks with the United States, dismissing recent claims by President Donald Trump about a planned meeting.
SoftBank CEO Masayoshi Son said on Friday the group aims to become the world’s top platform provider for artificial super intelligence within the next decade, signaling a bold new direction for the Japanese tech giant.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
An unusual blast of cold air from Antarctica has swept across Uruguay, causing the deaths of at least seven homeless people and forcing authorities to declare a state of emergency.
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