![The European Central Bank building in Frankfurt](https://abc17news.b-cdn.net/abc17news.com/2024/06/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbHV2M2JlODQwMDBpM2I2aWk4d2h2eWQ4-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NsdXYyNzI4ODAwOHlhMnA2Nmp5NTJyMzI-375x225.jpg)
Interest rates are coming down in Europe. The Fed won’t follow yet
CNN By Hanna Ziady, CNN London (CNN) — The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower borrowing costs as inflation recedes following years of rate hikes. The first ECB rate cut in nearly five years takes the benchmark rate in the 20
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