European Central Bank Cuts Interest Rates for the First Time Since 2019The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
Source: European Central Bank Cuts Interest Rates for the First Time Since 2019 (https://www.nytimes.com/2024/06/06/business/european-central-bank-interest-rates.html)