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Market
Will Germany's inflation rate fall below 2.0% by June 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
German Federal Statistical Office reports
Story
ECB Cuts Key Interest Rate by 25 Basis Points to 3.0% for Fourth Time Since June 2024
Dec 12, 2024, 02:40 PM
The European Central Bank (ECB) has announced a reduction in its key interest rate by 25 basis points, bringing the rate down to 3.0%. This marks the fourth consecutive rate cut since June 2024, aimed at stimulating the eurozone economy amid ongoing concerns about economic growth. The ECB's decision reflects a commitment to addressing inflation, which was reported at 2.3% in the euro area and 2.2% in Germany as of November 2024. The central bank's latest move aligns with market expectations and indicates a cautious approach to future monetary policy adjustments, with discussions about the potential for further easing in the upcoming year.
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