Interest rate hikes are a tool used by central banks to ... and services and can eventually lower prices. At one point, the ECB's interest rate was at a record high 4% as inflation soared.

While the monetary policy is becoming "meaningfully less restrictive," the central bank noted that lending in the euro area remains subdued due to the past rate hikes. The ECB calls on euro area ...

The ECB reduced its deposit rate to 2.5% from 2.75%, taking rates to the lowest level in two years. The decision marked a sixth consecutive rate cut by the central bank, which sets monetary policy ...

The lending, however, "remains subdued overall," said the ECB, citing the effects of past interest rate hikes. The current cycle of rate cuts marks a rewinding of the aggressive rate hikes in ...

The ECB and the Federal Reserve are taking very different approaches to monetary policy. The Fed is being cautious and has paused its rate hikes as the U.S. economy shows signs of slowing.

Deposit rate cut to 2.5% as expected Says rates meaningfully less restrictive Cuts economic growth outlook, raises 2025 inflation ECB Rate Decision Live FRANKFURT, March 6 (Reuters) - The European ...

The cut will mean lower repayments for thousands of tracker mortgage-holders, although variable-rate customers will have to wait for their lenders to pass it ...

Given the current macroeconomic backdrop, a rate cut on 6 March is likely. The ECB still views interest rates as restrictive. Despite recent debates among ECB officials about halting the rate cut ...

The ECB reduced its interest rates on Thursday ... a headwind to the easing of financing conditions comes from past interest rate hikes still transmitting to the stock of credit, and lending ...

(Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy ...

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points ... At the same time, a headwind to the easing of financing conditions comes from past interest rate ...