The European Central Bank lowered its key interest rates by 25 basis points on Thursday, bringing the deposit facility rate to 2.75%, as the disinflation process remains “well on track” while the economy showed an unexpected stagnation during the last quarter of the year.
The European Central Bank on Thursday cut interest rates by a quarter of a percentage point, saying it expects inflation to fall back to its target later in the year and signaling that further easing is likely in coming months.
The central bank cut rates by a quarter point, as it rushes to brace a stagnant economy against President Trump’s threatened tariffs.
The European Central Bank is widely expected to cut interest rates for the fifth time since it began easing monetary policy.
The European Central Bank cut interest rates today and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.
European shares reached a record high on Thursday, driven by industrials and technology stocks, as investors awaited the European Central Bank's monetary policy verdict, which is likely to include an interest rate cut.
The ECB (European Central Bank) continued policy normalisation today, with another 25 basis points (bps) worth of cuts across all three benchmark rates. This marks the fourth consecutive rate reduction, bringing the Deposit Facility Rate, the Refinancing Rate, and the Marginal Lending Facility Rate to 2.75%, 2.90%, and 3.15%, respectively.
KIRILL KUDRYAVTSEV / AFP The European Central Bank cut interest rates again Thursday, January 30, and signaled more to come as the eurozone economy flatlines while warning of trade tensions and uncertainty amid American President Donald Trump's protectionist agenda.
Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.
After lowering key rates in December, the ECB is widely expected to announce another 25 basis points (bps) cut, taking the benchmark rate on deposit facility from 3% to 2.75%. It would be the fourth straight interest rates cut after trimming them in September, October and December 2024.