ECB has cut its key interest rates by 25 basis points, effective October 23.
Rates for the deposit facility, main refinancing operations, and marginal lending will fall to 3.25 per cent, 3.40 per cent, and 3.65 per cent, respectively.
While inflation remains high due to rising wages, the ECB expects pressures to ease and inflation to return to target levels in 2025.
Rates for the deposit facility, main refinancing operations, and marginal lending will fall to 3.25 per cent, 3.40 per cent, and 3.65 per cent, respectively.
While inflation remains high due to rising wages, the ECB expects pressures to ease and inflation to return to target levels in 2025.
