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.
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.
