#Latest news with #ECBPresidentWall Street Journal2 days agoBusinessWall Street JournalECB Has Won Battle Against Inflation in the Eurozone, Villeroy SayThe European Central Bank has succeeded in bringing inflation under control after a surge driven by the end of the Covid-19 pandemic and Russia's invasion of Ukraine, the head of France's central bank said Friday. The ECB Thursday lowered its key interest rate to 2% from 2.25%, its eighth cut since June 2024. That move followed figures that showed the annual rate of inflation was 1.9% in May, below the ECB's 2% target.
Wall Street Journal2 days agoBusinessWall Street JournalECB Has Won Battle Against Inflation in the Eurozone, Villeroy SayThe European Central Bank has succeeded in bringing inflation under control after a surge driven by the end of the Covid-19 pandemic and Russia's invasion of Ukraine, the head of France's central bank said Friday. The ECB Thursday lowered its key interest rate to 2% from 2.25%, its eighth cut since June 2024. That move followed figures that showed the annual rate of inflation was 1.9% in May, below the ECB's 2% target.
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