The European Central Bank Reduces Interest Rates for the Second Consecutive Time to a Low Point Since June 2023
Publication Time:2024-09-12 20:22:06
In recent times, the European Central Bank has announced its second interest rate reduction of the year, adjusting the key deposit mechanism rate from 3.75% to 3.50%. This adjustment signifies the lowest level since June 2023. The move is intended to address current economic challenges by reducing borrowing costs to stimulate growth and inflation. The market responded to the rate-cut decision with calmness, considering it aligned with previous general expectations. As global macroeconomic conditions change, the European Central Bank will continue to assess economic conditions and adjust monetary policy accordingly to promote stable economic development.
Market Expectations
European Central Bank
Monetary Policy
Interest Rate Cut
Deposit Mechanism Rate