{"id":107285,"date":"2024-10-17T17:01:47","date_gmt":"2024-10-17T13:01:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=107285"},"modified":"2024-10-17T17:01:51","modified_gmt":"2024-10-17T13:01:51","slug":"ecb-cuts-rates-for-second-straight-meeting-to-combat-inflation-and-economic-slowdown","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecb-cuts-rates-for-second-straight-meeting-to-combat-inflation-and-economic-slowdown\/10\/17\/market-updates\/","title":{"rendered":"ECB Cuts Rates for Second Straight Meeting to Combat Inflation and Economic Slowdown"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The European Central Bank (ECB) reduced interest rates by a quarter point at its second consecutive meeting on Thursday, aiming to address sluggish inflation and weak economic growth. This marks the first back-to-back rate cut in 13 years, signaling a shift in the ECB&#8217;s policy focus from controlling inflation to stimulating the Eurozone economy, which has been lagging behind the U.S. for the past two years.<\/p>\n\n\n\n<p>&#8220;The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also affected by recent downside surprises in indicators of economic activity,&#8221; the ECB stated.<\/p>\n\n\n\n<p>The 25-basis point reduction lowers the rate the ECB pays to banks for deposits to 3.25%, further widening the gap with the U.S. Federal Reserve, which cut its target rate by 50 basis points last month to a range of 4.75% to 5.00%.<\/p>\n\n\n\n<p>Following the announcement, which was expected by markets, the euro traded relatively unchanged against the dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) reduced interest rates by a quarter point at its second consecutive meeting on Thursday, aiming to address sluggish inflation and weak economic growth. This marks the first back-to-back rate cut in 13 years, signaling a shift in the ECB&#8217;s policy focus from controlling inflation to stimulating the Eurozone economy, which &hellip;<\/p>\n","protected":false},"author":9,"featured_media":103847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,10879,7740],"class_list":["post-107285","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-eurozone-economy","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107285"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107285\/revisions"}],"predecessor-version":[{"id":107286,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107285\/revisions\/107286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103847"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}