ECB cuts interest rates by a quarter-point

ECB cuts interest rate by 25bps as expected, fourth cut this year
The European Central Bank (ECB) slashed its interest rate by 25 basis points to 3.00% on Thursday as broadly priced by the market. This is the fourth cut this year. The decision is based on its updated assessment of the inflation outlook and the strength of monetary policy transmission.
ECB cuts interest rates for fourth time this year
STORY: For the fourth time this year, the European Central Bank has cut interest rates, this time by a quarter of a percentage point.It kept the door open to further cuts as growth is hit by political instability at home and the threat of a fresh U.
2nd LD: ECB cuts key interest rates by 25 basis points
FRANKFURT, Dec. 12 (Xinhua) -- The European Central Bank (ECB) decided on Thursday to cut its key interest rates by 25 basis points at its rate-setting meeting.
ECB cuts interest rates by a quarter-point to 3%
The European Central Bank has cut interest rates by a quarter-point to 3 per cent, warning that growth will be weaker than it had previously forecast. The ECB’s cut — its fourth reduction in borrowing costs since June — takes the central bank’s benchmark deposit rate to its lowest level since March 2023.
ECB Cuts Rates for Third Straight Time
The European Central Bank cut interest rates for a third consecutive meeting as inflation nears 2%. The deposit rate was cut by a quarter-point to 3% on Thursday. Bloomberg's Lizzy Burden reports from Frankfurt.
ECB cuts rates for fourth time this year as economic outlook clouds
The European Central Bank has delivered its fourth interest rate cut this year, trimming the benchmark deposit rate by a quarter point to 3% in a bid to bolster the faltering eurozone economy. Thursday's move comes as inflation is less of a concern among the 20 nations that share the euro currency,
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TEXT-Statement from the ECB following policy meeting
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3rd LD Writethru: ECB cuts key interest rates by 25 basis points
With this adjustment, the interest rates for the deposit facility, the main refinancing operation, and the marginal lending facility are now set at 3 percent, 3.15 percent and 3.4 percent respectively ...