Will the European Central Bank face a problem that has bedeviled the Bank of Russia? European governments are about to embark on a big increase in defense spending, fueled by growing doubts about the reliability of the U.

European Central Bank policymaker Mario Centeno said on Friday he expects inflation to fall to its medium-term target of 2% in a sustainable manner since euro zone inflation is "almost out of the woods".

The European Central Bank cut its economic growth expectations for the euro zone once more on Thursday and raised its projection for inflation this year, even as it predicted price growth back at target in 2026.

Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs.

Euro zone inflation dipped a bit less than expected last month but its most closely watched component also dropped, sealing the case for another ECB interest rate cut on Thursday and solidifying bets for further policy easing in the coming months.

The decision comes after inflation cooled to 2.4% in the eurozone in February, higher than the forecasted 2.3%. While price pressures are nearing the ECB's 2% target, the total was predominantly ...

The rate cut comes as the ECB seeks to alleviate pressure on consumers and businesses amid sluggish economic growth in Europe, and the threat of trade tensions with the US.

It was the sixth straight cut. European inflation had slowed to 2.4% in February. Advertisement "The disinflation process is well on track," the ECB said in a statement. "Inflation has continued ...

The news that the European Central Bank has cut interest rates for the sixth time in the past 12 months is a positive development for Irish consumers and businesses.

alcohol and tobacco costs — as well as services inflation also dipped after proving sticky for several months. The ECB on Thursday reiterated that the disinflation process was "well on track ...

Will the European Central Bank face a problem that has bedeviled the Bank of Russia? European governments are about to embark on a big increase in defense spending, fueled by growing doubts about ...