Charting the Global Economy: ECB Holds Rates Steady While US Jobless Rate Rises

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The European Central Bank left interest rates unchanged for a fourth meeting as a softer outlook for inflation and economic growth bolstered expectations for cuts starting in June.

Bloomberg News

Molly Smith and Vince Golle

Published Mar 09, 2024 • 3 minute read

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(Bloomberg) — The European Central Bank left interest rates unchanged for a fourth meeting as a softer outlook for inflation and economic growth bolstered expectations for cuts starting in June.

Separate data showed the euro-area economy stagnated at the end of last year, underscoring the central bank’s forecast for slower growth in 2024 than previously estimated.

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Bloomberg News

2024-03-09 06:27:22

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