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.
165 Articles
165 Articles
The ECB cuts interest rates by 0.25 points as inflation eases
The de-escalation of interest rates is taking shape. This Thursday, the European Central Bank unanimously approved a new cut of 25 basis points in the price of money, the second so far this year, in an exercise of confidence that inflation, that long headache that has lasted three years, is increasingly under control. “[Given] the dynamics of underlying inflation and the intensity of monetary policy transmission, it is now appropriate to take a …
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