ECB Cuts Rates for First Time Since Pandemic
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2024
0mins
Source: barron's
- European Central Bank Interest Rate Cut: ECB lowered interest rates, making the first cut since the Covid-19 pandemic began.
- Global Central Banks' Actions: Canada, Switzerland, and Sweden have also cut rates; Federal Reserve has not done so yet.
- ECB's Future Plans: Uncertainty on future rate cuts due to economic growth picking up and inflation above target.
- Inflation and Economic Forecasts: ECB projects inflation to remain above 2% until 2026 and raises economic expansion predictions.
- Market Impact: Concerns about weakening euro against the dollar, potential for boosting exports, and stock market reaching record highs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
