European Central Bank cuts deposit rate by 25 bps to 3.75% amid slowing inflation and growth.
The European Central Bank (ECB) has cut its deposit rate by 25 basis points to 3.75% in response to slowing inflation and economic growth. This marks the second rate cut this year amid concerns of worsening stagflation. The ECB has also revised its growth forecasts downward but maintains that inflation will meet targets by late 2025. The central bank's focus is now shifting to upcoming strategies and outlooks for October.
September 11, 2024
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