ECB cuts rates by 25 bps as expected
On January 30, Gold Ten reported that the ECB cut the deposit facility rate by 25BP to 2.75%, in line with market expectations and the fourth consecutive meeting of a 25BP rate cut.
The main refinancing rate and marginal lending rate were lowered from 3.15% and 3.40% to 2.90% and 3.15% respectively.
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