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ECB cuts interest rates by 25bps after inflation dips below 2%
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investmentweek.co.ukAs a result of the snip, the interest rate on the deposit facility will be cut to 3.25%, while the interest rates on the main refinancing operations and the marginal lending facility will be decreased to 3.4% and 3.65%, respectively, from 23 October. Figures released earlier today (17 October) showed annual inflation within the euro-area fell from 2.2% to 1.7% in September, clearing the way for a third cut from Europe's central bank this year and the first back-to-back cut in 13 years. ECB cuts interest rates to 3.5% amid softer inflation figures and faltering growth Lindsay Jame...
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Read more on investmentweek.co.ukAbout this in other media
ECB policymakers increasingly worried over too-low inflation economictimes.indiatimes.com /1 month ago
Why mortgage rates are going up despite the Fed's interest rate cut foxbusiness.com /1 month ago
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