European Central Bank Cuts Interest Rates Again To Support Struggling Eurozone Economy January 30, 2025

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European Central Bank Cuts Interest Rates Again To Support Struggling Eurozone Economy January 30, 2025

Christine Lagarde, president of the European Central Bank (ECB), announces a widely anticipated 25 basis point interest rate cut to 2.75% at an ECB news conference in Frankfurt, Germany, on January 30, 2025. Markets expect three more cuts this year as inflation reduces following four rate reductions in 2024. Despite weak growth, especially in the services sector, the Eurozone's lower inflation rate leaves US and UK interest rates and inflation higher. (Photo by Tobias Wilkinson/NurPhoto)


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