European Central Bank Lowers Deposit Rate by 25 Basis Points

According to Odaily, the European Central Bank (ECB) has reduced its deposit facility rate by 25 basis points to 2.75%, aligning with market expectations. This marks the fourth consecutive meeting where the ECB has implemented a 25 basis point rate cut. Additionally, the main refinancing rate has been decreased from 3.15% to 2.90%, and the marginal lending rate has been adjusted from 3.40% to 3.15%.