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Blow for borrowers as ECB 'to limit number of rate cuts this year'

Mortgage holders have been warned that the European Central Bank will probably lower borrowing costs three times this year, instead of four.

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Europe Roundup: Sterling gains as dollar dips ahead of US jobs data, European shares gain, Gold eases, Oil prices set for steepest weekly drop in 3 months-May 3rd,2024

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

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ECB's Stournaras sees just three rate cuts in 2024 on strong growth

The European Central Bank is most likely to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis Stournaras said in an.

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