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ECB Cuts Interest Rates for Second Time in Three Months

  • The European Central Bank cut borrowing costs again as inflation threats lessen and economic growth slows.
  • The main deposit facility rate decreased by 0.25 percentage points to 3.50%, mirroring the cut in June.
  • The ECB stated it is not committing to a specific rate path, focusing on various economic indicators.
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  • 37% of the sources lean Left, 37% of the sources are Center
37% Center
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sta.si broke the news in on Wednesday, September 11, 2024.
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