ECB cuts rates as expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA


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 targeted 2.00% mark.

If inflation remains low and, if future macroeconomic data will suggest that slowdown is inevitable, more aggressive rate cuts can be considered by central planners.

In the meantime, the head of the central bank Christine Lagarde commented in the follow-up press conference that the Euro Zone is on track for a soft landing. Her comments weakened the Euro further, as future interest rate cuts were discussed.
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