ECB cuts interest rates again amid sluggish Eurozone growth
The European Central Bank policymakers have decided to lower interest rates by a quarter percentage point, a third such cut this year as inflation across the 20-member Eurozone came down to 1.7% in September. ECB President Christine Lagarde says while the bank does not expect a recession, downside risks remain amid hightened geopolitical tensions. Plus, China has announced a fresh stimulus package to prop up the faltering property sector.
The European Central Bank policymakers have decided to lower interest rates by a quarter percentage point, a third such cut this year as inflation across the 20-member Eurozone came down to 1.7% in September.
ECB President Christine Lagarde says while the bank does not expect a recession, downside risks remain amid hightened geopolitical tensions.
Plus, China has announced a fresh stimulus package to prop up the faltering property sector.
/cdn.vox-cdn.com/uploads/chorus_asset/file/8966107/acastro_170726_1777_0012.jpg){kind=small}
/cloudfront-us-east-1.images.arcpublishing.com/gray/RDUJBOYFCBAXRCGGFYQPQNOF5Q.jpg){kind=small}
/cloudfront-us-east-1.images.arcpublishing.com/gray/YSYYKIUMGVGAHNG2RWEWTR7S5U.png){kind=small}
