The European Central Bank (ECB) is like a big bank for Europe. They lowered their interest rates, which is like making loans cheaper. This should help businesses grow and people buy things!
- Lower interest rates mean borrowing money is cheaper.
- This helps businesses grow and people buy homes or cars.
- The ECB lowered rates because Europe's economy isn't growing fast enough.
- Trade problems with the U.S. are also making things harder for Europe.
| Thing | Number |
|---|---|
| Old Interest Rate | 4% |
| New Interest Rate | 2.5% |
| Inflation (Oct 2022) | 10.6% |
| Current Inflation | 2.4% |
