Washington Post (June 4)
2024/ 06/ 05 by jd in Global News
“The European Central Bank on Thursday is almost certain to lower its benchmark interest rate for the first time in nearly five years. The move will come as the Federal Reserve remains on hold with plans to trim U.S. borrowing costs, amid inflation that is proving more stubborn than anticipated.” For the ECB, however, inflation appears to be “less of a problem than the weak growth outlook.”
Tags: Benchmark, Borrowing costs, ECB, Fed, Inflation, Interest rate, Lower, Outlook, Stubborn, U.S., Weak growth
