Thu, 17 Oct 2024 17:45:16 GMT
ECB cuts rates as expected
On the 17th of October, the European Central Bank has decided to cut its Main Refinancing Rate, which is the base rate for all Euro debt.
The rate has been reduced from 3.65% to 3.40%, as expected by market analysts.
The bank has been cutting rates, as most recent inflation data indicates that Euro Zone inflation has returned to the