European Central Bank Cuts Interest Rates for Third Straight Time to Prop Up Flagging Economy

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Dec. 12, 2024. The European Central Bank lowered interest rates for a third consecutive meeting, signaling more reductions next year as inflation nears 2% and the economy struggles. Photographer: Liesa Johannssen/Bloomberg via Getty Images