The Eurozone’s economy stagnated in 2024’s final three months as GDPs in France, Germany, and Ireland contracted.
Tag: European Central Bank
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ECB CUTS INTEREST RATE AGAIN
On 30 January, the European Central Bank (ECB) cut interest rates on Thursday for the fifth time since June, dropping its rate on deposits to 2.75 percent and its marginal lending rate to 3.15 percent.
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ECB CUTS RATE, WARNS OF WEAK GROWTH AHEAD
On 12 December, the European Central Bank (ECB) shaved a quarter point from its key deposit interest rate, bringing it to 3 percent, and said the Eurozone’s economy will expand by 1.1 percent in 2025. In September, the bank had forecast a 1.3-percent expansion.
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SPOTLIGHT: THE EUROZONE’S ECONOMIC MESS
The Eurozone’s economic activity unexpectedly contracted this month, according to the Hamburg Commerce Bank’s composite purchasing managers index.
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ECB CUTS KEY RATE ANOTHER QUARTER POINT
On 17 October, the European Central Bank (ECB) cut its key interest rate by a quarter point, the same as it did in June and September, bringing the rate to 3.25 percent.
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EUROPEAN HOME VALUES RISE IN SECOND QUARTER
Home prices in the Eurozone rose 1.3 percent in this year’s second quarter, year over year, after contracting for four successive quarters.
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EUROZONE INFLATION FALLS BELOW CENTRAL BANK’S 2-PERCENT TARGET
After registering 2.2 percent in August, inflation among the 20 countries that share the Eurozone currency fell to 1.8 percent in September, below the European Central Bank’s (ECB’s) 2-percent target.
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EUROZONE MANUFACTURING ACTIVITY SHRANK IN SEPTEMBER
The 20-country Eurozone saw factory activity decrease last month, according to the Hamburg Commerce Bank’s purchasing managers index (PMI).
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WORLD ECONOMY WILL GROW 3.2 PERCENT THIS YEAR, OECD SAYS
Falling interest rates and the slowdown in inflation is giving households more money to spend, which will enable the global economy to grow 3.2 percent this year and by the same percentage in 2025, according to an analysis by the Organization for Economic Cooperation and Development (OECD).
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INFLATION FALLS FURTHER, FANNING RATE-CUT EXPECTATIONS
The Personal Consumption Expenditures Index, the U.S. Federal Reserve’s most closely-watched inflation gauge, fell to 2.2 percent in August, edging below economists’ consensus forecast of 2.3 percent and strengthening expectations that the central bank will cut rates at least once more this year.
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