The ECB cut its benchmark deposit rate by a quarter of a percentage point to 3.75%, ahead of other major central banks.
Delia Niculescu
Current Affairs
foto:pixabay
Always see our news on Google
The decision was taken as euro area inflation accelerated to 2.6% in May, above the ECB's 2% target. In contrast, the US Federal Reserve is expected to keep interest rates at a 23-year high and the Bank of England is not expected to cut interest rates immediately from a 16-year high.
Sources
BCE a redus dobânda de referință pentru prima dată în ultimii cinci ani, la 3,75%
BCE reduce dobânda de referință în ZONA EURO, dar intenționează să mențină o politică monetară "strictă"
BREAKING: Banca Centrală Europeană reduce dobânda pentru prima oară în ultimii cinci ani
European Central Bank cuts interest rate to 3.75%
BCE a anunțat reducerea dobânzii de referință în zona euro cu 0,25%
Latest News
23:14
A small aircraft crashed on Saturday in Ganderkesee, Germany, causing the death of one person on board.
23:10
France will make prior consent from consumers mandatory for telemarketing calls starting from August 11.
23:05
Kazakhstan becomes the first country in Central Asia to launch electric eVTOL air taxis.
22:58
Traian Băsescu states that Romania must negotiate with Ukraine to prevent incidents with drones
22:51
The USA is preparing a plan for the confiscation of enriched uranium from Iran, in the context of failed negotiations.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
