European Central Bank reduces rates by 25bp
Lagarde hints at pause in next meeting, dispels rumours about early departure
The European Central Bank continued to ease policy today (June 5) with a 25 basis point cut.
The bank’s deposit facility rate has thus been changed to 2%, while its main refinancing operations rate and marginal lending facility rates stand at 2.15% and 2.65%, respectively.
The bank also published its revised outlook on eurozone inflation and growth figures. It now predicts that inflation will fall to 1.6% in 2026, thereby undershooting the bank’s 2% target, owing to falling energy prices and a
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