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ECB president Lagarde delivered the last rate cut of the year (Photo: World Economic Forum)

ECB cuts key interest rate as EU growth slows further

European Central Bank (ECB) policymakers held their final meeting of the year on Thursday (12 December), delivering a fourth quarter-percentage-point interest rate cut for 2024.

This lowered its main rate to 3 percent, down from 4 percent in June this year.

“Disinflation is well on track,” said ECB president C...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

ECB president Lagarde delivered the last rate cut of the year (Photo: World Economic Forum)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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