奇迹
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The European Central Bank lowers interest rates by 25 basis points!
According to AFP, on January 30, the European Central Bank announced a reduction of 25 basis points in its three key interest rates. This marks the fifth rate cut since the bank announced a reduction in June 2024. Following this rate cut, the eurozone deposit facility rate, main refinancing rate, and marginal lending rate are now set at 2.75%, 2.90%, and 3.15%, respectively.
European Central Bank President Christine Lagarde stated at the press conference that the current level of interest rates remains 'restrictive' for the economy and has not yet reached a 'neutral' level. Given the current situation, it is 'too early to discuss when to stop cutting rates.'
'We know the direction we want to move forward, and we will continue to move in that direction.' Lagarde believes that further policy easing is necessary primarily due to the ongoing decline in eurozone inflation and the expectation that future economic growth will remain 'weak.'
In addition, the European Central Bank is also concerned about the trade war threats posed by the new U.S. President Trump. 'The escalation of global trade frictions could dampen eurozone economic growth by impacting exports,' Lagarde warned.
With global economic growth sluggish, it's getting harder to make money, folks. Treasure the resources you have, avoid reckless actions, make every transaction count, and cherish every step!
According to AFP, on January 30, the European Central Bank announced a reduction of 25 basis points in its three key interest rates. This marks the fifth rate cut since the bank announced a reduction in June 2024. Following this rate cut, the eurozone deposit facility rate, main refinancing rate, and marginal lending rate are now set at 2.75%, 2.90%, and 3.15%, respectively.
European Central Bank President Christine Lagarde stated at the press conference that the current level of interest rates remains 'restrictive' for the economy and has not yet reached a 'neutral' level. Given the current situation, it is 'too early to discuss when to stop cutting rates.'
'We know the direction we want to move forward, and we will continue to move in that direction.' Lagarde believes that further policy easing is necessary primarily due to the ongoing decline in eurozone inflation and the expectation that future economic growth will remain 'weak.'
In addition, the European Central Bank is also concerned about the trade war threats posed by the new U.S. President Trump. 'The escalation of global trade frictions could dampen eurozone economic growth by impacting exports,' Lagarde warned.
With global economic growth sluggish, it's getting harder to make money, folks. Treasure the resources you have, avoid reckless actions, make every transaction count, and cherish every step!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
