The European Central Bank has decided to lower the three key interest rates by 25 basis points—the fifth rate cut since June 2024.
Accordingly, the rates on the deposit facility, the main refinancing operations and the marginal lending facility will be down to 2.75 per cent, 2.90 per cent and 3.15 per cent respectively with effect from February 5.
The bank targets eurozone inflation at 2 per cent.
Accordingly, the rates on the deposit facility, the main refinancing operations and the marginal lending facility will be down to 2.75 per cent, 2.90 per cent and 3.15 per cent respectively with effect from February 5.
The bank targets eurozone inflation at 2 per cent.
