The European Central Bank(ECB), led by Christine Lagarde, announced a rate cut to 2% on the euro deposit rate.
ECB Cuts Rate to 2%: Crypto Impact Analyzed
The European Central Bank, led by Christine Lagarde, announced a rate cut to 2% on the euro deposit rate.
The latest monetary easing by the European Central Bank (ECB) is part of its ongoing efforts to enhance the eurozone's economic resilience. President Christine Lagarde oversees the institution’s strategic actions amid post-pandemic conditions. The rate cut aligns with the organisational goal to stimulate economic growth by reducing borrowing costs for both businesses and consumers, particularly in defense and infrastructure sectors.
"Rising government investment in defence and infrastructure will increasingly support growth … together with more favourable financing conditions, this should make the economy more resilient to global shocks" - Christine Lagarde,
