European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany.
Bund yields fall and DAX hits fresh record as European Central Bank cuts interest rates
The euro pared session losses and benchmark bond yields fell near to a three-week trough after the European Central Bank cut interest rates by a quarter point, saying it expects inflation to fall back to its target later in the year.
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.
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Yields on gilts and eurozone government bonds declined ahead of interest-rate decisions this week by the Fed and ECB.
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