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European Central Bank cuts rates again, says policy is becoming ‘meaningfully less restrictive’

  • The European Central Bank lowered its eurozone growth forecast to 0.9% for this year and 1.2% for 2026, which is 0.2 percentage points lower than expected.
  • The ECB cut its benchmark deposit rate from 2.75% to 2.5%, marking its sixth rate cut since June last year.
  • Euro area inflation fell from 2.5% to 2.4%, just above the ECB's 2% target rate, influencing the bank's decision.
  • ECB President Christine Lagarde is expected to address reporters about inflation and trade policy impacts later today.
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poslovni.hr broke the news in on Wednesday, March 5, 2025.
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