European Central Bank Cuts Interest Rates as Planned by 25 Basis Points

BlockBeats News, January 30, the European Central Bank's New Year debut saw the deposit facility rate cut by 25 basis points to 2.75%, in line with market expectations, marking the fourth consecutive 25 basis points rate cut in meetings. The main refinancing rate and the marginal lending rate were lowered from 3.15% and 3.40% to 2.90% and 3.15%, respectively. (FXStreet)