The European Central Bank (ECB) may reduce interest rates further as eurozone inflation drops close to its 2% target, according to policymaker François Villeroy de Galhau. With inflation easing and economic growth slowing, the ECB sees room for gradual rate cuts, possibly starting in June. Villeroy emphasized a data-driven approach amid external pressures like U.S. tariffs, while affirming that the eurozone is not facing a recession, and monetary policy flexibility remains essential.
Catholics around the world are celebrating the election of Robert Francis Prevost as Pope Leo XIV. This historic moment has garnered global attention, marking a significant chapter in the Catholic Church’s leadership. Prevost’s ascension to the papacy follows a period of anticipation and excitement among the faithful. His leadership is expected to bring a fresh perspective to the Church, with many hopeful about his vision and approach to guiding the global Catholic community.
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