$EUINTR -ECB Cuts Interest Rates for 2nd Time
- The European Central Bank cut the key deposit interest rate by 25bps to 3.5% as expected, after a similar reduction in June, and a pause in July, reflecting an updated inflation outlook and better transmission of policy.
At the same time, the interest rates on the main refinancing operations and the marginal lending facility were lowered to 3.65% and 3.90% respectively.
source: European Central Bank
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