The European Central Bank has cut interest rates by 25 basis points as scheduled, lowering the three key rates to 4.25%, 3.75%, and 4.50% respectively

2024-06-06 20:20:19

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ChainCatcher news, the European Central Bank has cut interest rates by 25 basis points as expected, lowering the three key rates to 4.25%, 3.75%, and 4.50%, respectively:

The European Central Bank's marginal lending rate is 4.5%, expected 4.50%, previous value 4.75%.
The European Central Bank's deposit facility rate is 3.75%, expected 3.75%, previous value 4.00%.
The European Central Bank's main refinancing rate is 4.25%, expected 4.25%, previous value 4.50%.

Previous news, on May 28, European Central Bank Governing Council member Holzmann stated that he expects two to three rate cuts in 2024. This will support the European Central Bank's rate cut next week.

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