ECB CUTS INTEREST RATES FOR THE FIRST TIME IN ALMOST 5 YEARS

The European Central Bank has decided to lower its benchmark interest rates by 0.25%  from a record high, effective June 12th. However, the ECB also revised its outlook for the coming months and said it no longer believed inflation would hit its target of 2% this year, but instead would average at around 2.2%. Plus, Ireland losing hundreds of young doctors every year as they emmigrate to Australia, in search of better working conditions. 

Jun 6, 2024 - 22:00
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ECB CUTS INTEREST RATES FOR THE FIRST TIME IN ALMOST 5 YEARS
The European Central Bank has decided to lower its benchmark interest rates by 0.25%  from a record high, effective June 12th. However, the ECB also revised its outlook for the coming months and said it no longer believed inflation would hit its target of 2% this year, but instead would average at around 2.2%. Plus, Ireland losing hundreds of young doctors every year as they emmigrate to Australia, in search of better working conditions.