European Central Bank Cuts Interest Rates Amidst Cooling Inflation
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#e27004a0 ver:1.02

The European Central Bank (ECB) has cut interest rates for the first time in nearly five years in response to cooling inflation. The rate cut is seen as a response to Russia's invasion of Ukraine and pandemic-related supply chain issues. The ECB's move comes as traders scale back bets on further rate cuts this year, with only a 36% chance of more cuts. In contrast, traders expect the US Federal Reserve to ease rates by nearly 50 basis points. The shifting outlook means euro zone government bonds will continue to lag, while the euro is expected to gain. #ECB #interestrates #inflation...

#newstr #Ecb #InterestRates #Inflation #Eurozone #RateCut 

 https://here.news/story/e27004a0?ver=1.02