European Central Bank announces interest rate decision
The European Central Bank (ECB) has cut its three key policy rates by 25 basis points, in line with market expectations.
The European Central Bank (ECB) has cut its three key policy rates by 25 basis points, in line with market expectations. With this move, the ECB has implemented interest rate cuts for the third consecutive meeting, marking its fourth rate reduction decision of the year.
In a statement released by the ECB today, it was announced that the deposit facility rate has been lowered from 3.25 percent to 3 percent. The bank also reduced the main refinancing rate and the marginal lending facility rate by 25 basis points each, bringing them to 3.15 percent and 3.40 percent, respectively.
The ECB statement included the following: "The disinflation process is on track. ECB staff expect headline inflation to average 2.4 percent in 2024, 2.1 percent in 2025, 1.9 percent in 2026, and 2.1 percent in 2027, when the expanded EU Emissions Trading System comes into effect."
News Source: 12punto
Most Read
Galatasaray announces injury updates for Osimhen, Lemina, and Singo
Attention online sellers: Tax monitoring expanded
VAR for the Fenerbahçe-Beşiktaş derby has been announced!
Bridges and highways are being privatized: 15 July and FSM are also on the list
New details emerge in 'panel' operation targeting lawyers
Another bankruptcy in the construction sector
Detention warrants for 31 lawyers, searches at 39 offices
First statement from Osimhen after injury in Başakşehir match
Özlem Şanver: 'He said he would change, I believed him; should I be beaten just because I didn't leave?'
Massive compensation claim against Acun Ilıcalı