Reported 27 days ago
The European Central Bank executed its second interest rate cut of the year, reducing the deposit rate by 25 basis points to 3.50% amid slowing inflation and weakening economic growth, while also adjusting the refinancing rate down by 60 basis points to 3.65%. Despite this move, the ECB provided limited guidance on future policy, leaving investors cautious yet optimistic about potential further cuts, as economic indicators suggest a need for additional support.
Source: YAHOO