{"id":3952,"date":"2024-09-12T21:46:44","date_gmt":"2024-09-12T16:16:44","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3952"},"modified":"2024-09-12T21:46:46","modified_gmt":"2024-09-12T16:16:46","slug":"ecb-cuts-interest-rates-by-25-basis-points-as-growth-weakens-future-moves-uncertain","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ecb-cuts-interest-rates-by-25-basis-points-as-growth-weakens-future-moves-uncertain\/","title":{"rendered":"ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain"},"content":{"rendered":"\n<p>The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50% on Thursday, responding to ongoing economic challenges and a slowing inflation rate. This cut follows a similar reduction made in June, as the ECB seeks to bring inflation closer to its 2% target amid near-recession conditions in the eurozone.<\/p>\n\n\n\n<p>Despite the anticipated rate cut, the ECB provided no additional guidance on its future policy trajectory. The central bank reiterated its commitment to a data-driven, meeting-by-meeting approach, without committing to a specific path for future rate changes.<\/p>\n\n\n\n<p>\u201cThe Governing Council will continue to make decisions based on incoming data and will not commit to any particular rate path,\u201d the ECB stated.<\/p>\n\n\n\n<p>Attention now shifts to ECB President Christine Lagarde\u2019s upcoming press conference at 1245 GMT. Investors will be looking for clues on potential future rate cuts and the impact of anticipated rate changes by the U.S. Federal Reserve on the ECB\u2019s policy.<\/p>\n\n\n\n<p>Economists predict that Lagarde might leave the door open for another rate reduction in October by indicating that all meetings, including the next one, are &#8220;live&#8221; for discussion.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source:\u00a0<a href=\"https:\/\/www.business-standard.com\/world-news\/ecb-cuts-interest-rates-as-growth-dwindles-gives-no-clue-of-next-step-124091201103_1.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.business-standard.com\/world-news\/ecb-cuts-interest-rates-as-growth-dwindles-gives-no-clue-of-next-step-124091201103_1.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50% on Thursday, responding to ongoing economic challenges and a slowing inflation rate. This cut follows a similar reduction made in June, as the ECB seeks to bring inflation closer to its 2% target amid near-recession conditions in the eurozone. Despite the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[366],"class_list":["post-3952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ecb-cuts-intrest-rates"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3952"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3952\/revisions"}],"predecessor-version":[{"id":3954,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3952\/revisions\/3954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3953"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}