The European Central Bank cut interest rates for the third time this year on Thursday, pointing out that inflation in the euro zone is now increasingly under control and the economic outlook has worsened.

The first back-to-back rate cut in 13 years would mark a shift in focus for the euro zone’s central bank from bringing down inflation to protecting economic growth

After peaking at 4%, the ECB’s benchmark deposit rate sits at 3.25% following the latest cut. Read more at straitstimes.com.

Demand for bank loans across the 20-nation euro zone rose in the third quarter and a further increase is expected in the final three months of the year, with household mortgages driving the expansion,

The European Central Bank cut interest rates on Thursday for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the bloc's economy was worsening.

The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering borrowing costs as inflation in the eurozone cools faster than expected and the

Paris and Frankfurt stock markets climbed and the euro traded mixed Thursday before an expected interest-rate cut from the European Central Bank as the eurozone faces weakening economic activity and

The European Central Bank is likely to lower interest rates for the third time this year on Thursday, arguing inflation in the euro zone is now increasingly under control and the economy is stagnating.

European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates.