The ECB cuts its key policy rates by 25 basis points on the basis of a review of the inflation outlook and economic developments
October 17, 2024
The Governing Council today decided to cut the three key ECB interest rates by 25 basis points. In particular, the deposit facility rate, which plays a key role in the conduct of monetary policy, will fall. The decision is based on an updated assessment of the inflation outlook, underlying inflation dynamics and the strength of monetary policy transmission. Inflation developments show that the disinflationary trend is proceeding at the expected pace.