"Europe is losing the battle"

Last week big news came from the European Central Bank (ECB) which decided to cut interest rates even though inflation did not fall to two percent. When asked why it was thought to be the right time for that, ECB president Christine Lagarde told HRT that the governing council decided last week to reduce interest rates by 0.25 percentage points, reports Tportal. "Based on the available data, we believed that inflation would continue to fall towards our two percent