Inflation’s down and the European Central Bank has cut rates, again. Next up: The Fed.
AP Business Writer FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers. The bank’s rate-setting council lowered the deposit rate from 3.75% to 3.5% at a meeting at its skyscraper headquarters in Frankfurt
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