ECB cuts interest rates by another 25BP as expected

The ECB cut interest rates for the second time in the cycle, lowering the deposit mechanism rate from 3.75% to 3.50%, the lowest since June 2023, in line with market expectations. The main refinancing rate of the European Central Bank in the euro area is 3.65% as of September 12, expected to be 3.65%, and the previous value is 4.25%. The deposit mechanism rate of the European Central Bank in the euro area is 3.5% as of September 12, expected to be 3.50%, and the previous value is 3.75%. (Jinshi)