The European Central Bank has cut its three key interest rates by 25 bps, saying monetary policy is turning ‘meaningfully less restrictive’.
So the rates on the deposit facility, the main refinancing operations and the marginal lending facility will fall to 2.5 per cent, 2.65 per cent and 2.9 per cent respectively.
Disinflation is ‘well on track’, but domestic inflation remains ‘high’, it noted.
So the rates on the deposit facility, the main refinancing operations and the marginal lending facility will fall to 2.5 per cent, 2.65 per cent and 2.9 per cent respectively.
Disinflation is ‘well on track’, but domestic inflation remains ‘high’, it noted.
