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.
North Korean leader Kim Jong Un has reaffirmed his country's close ties with Russia, sending a congratulatory message to President Vladimir Putin on R...
France is on track to run a larger-than-expected pension deficit from 2045 as falling birth rates and an ageing population put increasing pressure on ...
Russia has once again offered warm words to Tbilisi, with Foreign Ministry spokeswoman Maria Zakharova praising Georgia's efforts to safeguard its sov...
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops ...
Fuel stations across the Russian-occupied Crimean Peninsula ran dry on Thursday as Ukraine stepped up attacks on supply routes to the region....
North Korean leader Kim Jong Un has reaffirmed his country's close ties with Russia, sending a congratulatory message to President Vladimir Putin on Russia’s National Day and expressing full support for Moscow’s domestic and foreign policies, according to state broadcaster KCNA.
France is on track to run a larger-than-expected pension deficit from 2045 as falling birth rates and an ageing population put increasing pressure on the country's retirement system, according to the body that monitors its sustainability.
Russia has once again offered warm words to Tbilisi, with Foreign Ministry spokeswoman Maria Zakharova praising Georgia's efforts to safeguard its sovereignty and saying Moscow is ready to deepen ties.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
Mexico City has been hit by major disruption eight days before it hosts the opening match of the 2026 FIFA World Cup, as teachers, retired judges and other groups staged mass protests.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering (IPO), the company said on Monday, joining rival Anthropic in a race to the stock market as investors seek exposure to the artificial intelligence boom.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment