Berlin: Germany’s sagging construction sector should face an upswing thanks to additional European Central Bank (ECB) interest-rate cuts, according to Vice-Chancellor Robert Habeck.

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The ECB has been cutting rates quickly this year but policymakers have so far said the goal is a neutral setting, where the central bank is neither slowing nor stimulating growth in the hopes this ...

While saying in response to virtually every question that the ECB wasn't committing to cutting rates in December, she also highlighted the raft of economic indicators that have been softening.

Third rate cut this year, first back-to-back cut in 13 years Recent economic data supports case for reduction Quarter-point cut lowers benchmark ECB rate to 3.25% High interest rates have hurt ...

ECB deposit rates were below zero for a staggering eight years until the post-pandemic inflation surge necessitated rapid monetary tightening. That medicine has evidently worked too well.

The latest economic data is likely to have tilted the balance within the ECB in favour of a rate cut, with business activity and sentiment surveys as well as the inflation reading for September all ...

The ECB said it would reduce its key interest rate to 3.25% from 3.5%. That widens a gap in benchmark borrowing costs with the Federal Reserve. The ECB is now more worried about supporting growth ...

Thursday’s move took Eurozone rates to their lowest point since May 2023 and followed a cut of the same size at the ECB’s last meeting, held in early September. ECB president Christine Lagarde ...

"We believe the disinflationary process is well on track and all the information we received in the last five weeks were heading in the same direction - lower," ECB President Christine Lagarde ...

The ECB lowered its deposit rate by 25 basis points to 3.5% in a widely expected move, following up on a similar cut in June as inflation is now within striking distance of its 2% target and the ...

The ECB has been cutting rates quickly this year but policymakers have so far said the goal is a neutral setting, where the central bank is neither slowing nor stimulating growth in the hopes this ...