In Europe, attention shifts to cutting rates

By Agence France-Presse

Dec 15, 2023 12:29 am

WANING inflation is expected to have seen the European Central Bank opt for another pause Thursday as it joined a slew of central banks announcing their final interest rate decisions of the year.

The Bank of England, the Swiss National Bank and Norway's Norges Bank also held their last meetings of 2023, a year marked by steep hikes in borrowing costs as policymakers battled to tame runaway consumer prices.

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