European Central Bank Lowers Key Interest Rates

According to Odaily, the European Central Bank (ECB) has reduced its deposit facility rate from 3.5% to 3.25%, aligning with market expectations. Additionally, the main refinancing rate and the marginal lending rate have been adjusted from 3.65% and 3.9% to 3.4% and 3.65%, respectively. Traders' bets on further rate cuts by the ECB remain steady, with a 25 basis point reduction anticipated in December.