🚨🚨🚨Breaking News: European Central Bank Cuts Interest Rates by 25 Basis Points
Frankfurt, January 30, 2025 — The European Central Bank (ECB) has reduced its benchmark interest rate by 25 basis points, lowering the deposit rate to 2.75%. This move aims to stimulate the eurozone's stagnating economy amid persistent low inflation and sluggish growth.
ECB President Christine Lagarde emphasized the bank's commitment to supporting economic activity and achieving its inflation target. The ECB signaled openness to further easing measures if economic conditions warrant.
Financial markets responded with modest movements, reflecting investor expectations of continued monetary support. Analysts anticipate the possibility of additional rate cuts in the coming months, contingent upon economic indicators and inflation dynamics.