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ECB Cuts Rates by 25 bps Amid Economic Struggles
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ECB Cuts Rates by 25 bps Amid Economic Struggles

The European Central Bank reduced its key interest rates by 25 basis points, bringing the deposit rate to 3.0% and the main refinancing rate to 3.15%. T...
author: Ahura Chalaki

30

published:Dec 12, 2024 14:37

Reading Time:

1 minutes
category:fundamental

Despite eurozone inflation easing to 2.3% in November, just above the 2% target, the ECB signaled further easing could follow in 2025 to support an economy facing recession risks, domestic political instability, and potential trade tensions with the U.S.