The European Central Bank lowered the rate by 25 basis points to 2.25%, in line with market expectations

ChainCatcher news, according to Jinshi reports, the European Central Bank has lowered the deposit facility rate by 25 basis points to 2.25%, in line with market expectations, marking the sixth consecutive meeting of rate cuts.

In addition, the European Central Bank has reduced the main refinancing rate and the marginal lending rate from 2.65% and 2.9% to 2.4% and 2.65%, respectively.