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Latest News

Around 30 Belgian ambassadors to change posts in 2025

Around 30 Belgian ambassadors to change posts in 2025 Around 30 Belgian ambassadors to change posts in 2025
  Approximately 30 Belgian top diplomats will assume new postings in 2025, according to Le Soir. Countries such as Italy, Canada, Denmark,...
Read More...

Parliament honours Edmundo González Urrutia and María Corina Machado with Sakharov Prize 2024

Parliament honours Edmundo González Urrutia and María Corina Machado with Sakharov Prize 2024 Parliament honours Edmundo González Urrutia and María Corina Machado with Sakharov Prize 2024
  The President of the European Parliament, Roberta Metsola, presented the 2024 Sakharov Prize for Freedom of Thought to Venezuelan leaders...
Read More...

New Eurobarometer survey highlights record high trust in the EU

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  A new Eurobarometer survey, released today, shows trust in the European Union has reached its highest levels since 2007, with unprecedented...
Read More...

Parliament to review women's online safety

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  From December 9 to 15, the European Parliament (EP) committees and delegations will discuss ways to empower women in the digital realm...
Read More...

EU investigates TikTok over alleged Russian interference in Romanian elections

EU investigates TikTok over alleged Russian interference in Romanian elections EU investigates TikTok over alleged Russian interference in Romanian elections
As Romanians prepare to vote in the decisive second round of their presidential election on Sunday, concerns about potential Russian interference...
Read More...

Angela Merkel defends her legacy: Russia, Ukraine, and beyond

Angela Merkel defends her legacy: Russia, Ukraine, and beyond Angela Merkel defends her legacy: Russia, Ukraine, and beyond
In a rare interview with the BBC's Katya Adler, former German Chancellor Angela Merkel defended her controversial decisions regarding Russia...
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G20 summit: taxing the ultra-rich, tackling poverty, and calls for peace

G20 summit: taxing the ultra-rich, tackling poverty, and calls for peace G20 summit: taxing the ultra-rich, tackling poverty, and calls for peace
The G20 summit, bringing together leaders from the world’s largest economies, concluded in Rio de Janeiro with a unified declaration addressing...
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Germany rejects proposal to suspend EU political dialogue with Israel

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  German Foreign Minister Annalena Baerbock on Thursday dismissed a proposal to suspend the European Union's political dialogue with Israel....
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On Thursday, the European Central Bank (ECB) announced a quarter-point interest rate cut, marking the second reduction this year following a similar

move in June. 

The deposit rate has been lowered from 3.75% to 3.5%, a widely anticipated decision driven by the Eurozone's sluggish economic growth and easing inflation pressures.

Economic growth in the Eurozone remains slow, with GDP expanding by just 0.2% in the second quarter. Meanwhile, inflation in the bloc has cooled, with annual inflation falling to 2.2% in August, the lowest level since July 2021. This brings inflation closer to the ECB’s target of 2%.

However, the ECB has cautioned that challenges remain. While headline inflation has dropped, core inflation remains stubbornly higher at 2.8%, and services inflation has risen from 4% to 4.2%.

ECB President Christine Lagarde emphasized a cautious and data-driven approach to future economic decisions. "Our interest rate decisions will be based on our assessment of the inflation outlook, economic and financial data, and the dynamics of underlying inflation. We are not pre-committing to a specific rate path," she said during a press conference.

Lagarde's comments countered concerns from some ECB officials, including Isabel Schnabel and Bundesbank President Joachim Nagel, who warned against easing monetary policy too quickly. Lagarde reiterated the ECB’s commitment to bringing inflation back to the 2% target in a timely manner and maintaining restrictive policy rates as long as necessary to achieve this goal.

The ECB’s rate cut comes just ahead of an expected rate-cutting cycle by the US Federal Reserve next week. Photo by World Economic Forum from Cologny, Switzerland, Wikimedia commons.

deneme