Chile's central bank on Thursday said it was cutting its benchmark interest rate to 5.25% from a previous level of 5.50%, in a unanimous decision in line with analysts forecasts. The bank said that if the economic scenario envisaged in its September report materialize,

One reason why inflation has fallen around the world is that central banks dramatically increased borrowing costs from near zero during the coronavirus pandemic when prices started to shoot up, first as a result of supply chain issues built up and then because of Russia's full-scale invasion of Ukraine which pushed up energy costs.

The European Central Bank lowered interest rates for the second meeting in a row, speeding the pace of rate cuts to support an economy flashing increasing signs of weakness.

Denmark's central bank cut its key policy interest rate by 25 basis points to 2.85% on Thursday as expected, following the European Central Bank's decision earlier in the day to reduce euro zone rates.

European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target

The European Central Bank (ECB) on Thursday cut its key interest rate by 0.25 percentage points, as inflation in the eurozone fell to its lowest level since early 2021. The deposit facility rate - the interest that banks receive for parking funds at the ECB - now stands at 3.

The European Central Bank's governing council Thursday cut three key interest rates by 25 basis points, based on inflation falling.

The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and easing consumer price pressures.

The decision came after new figures showed inflation across the bloc had fallen to its lowest level in more than three years.