The ECB has relaxed monetary policy
June 6, 2024
The Governing Council decided today to cut the ECB’s three key interest rates by 25 basis points. On the basis of an updated assessment of the inflation outlook, underlying inflation dynamics and the strength of monetary policy transmission, it is now appropriate to ease the monetary policy stance after nine months of keeping interest rates unchanged. Since the Governing Council meeting in September 2023, inflation has declined by more than 2.5 percentage points and the inflation outlook has improved significantly.
