The ECB has cut interest rates
September 12, 2024
The Governing Council of the European Central Bank (ECB) today decided to cut the deposit facility rate, a tool for setting the stance of monetary policy, from 4.25 to 3.65. The Governing Council’s updated assessment of the inflation outlook, the evolution of underlying inflation dynamics and the transmission efficiency of monetary policy justified the next step towards a reduction in monetary tightening.
