FRANKFURT (GERMANY) (ITALPRESS) – The Governing Council of the European Central Bank has decided to cut its three key interest rates by 25 basis points. “In particular, the decision to reduce the rate on deposits with the central bank, the rate through which the Governing Council steers monetary policy, stems from the updated assessment of the inflation outlook, the dynamics of core inflation and the intensity of monetary policy transmission,” the ECB explains in a note, which speaks of a “disinflationary process well under way. According to our experts,” the Central Bank stresses, “overall inflation would average 2.4 percent in 2024, 2.1 percent in 2025, 1.9 percent in 2026 and 2.1 percent in 2027, the year of the entry into force of the expanded EU emissions trading system. Inflation net of the energy and food component would average 2.9 percent in 2024, 2.3 percent in 2025, and 1.9 percent in 2026 and 2027. “Interest rates on deposits with the central bank, the main refinancing operations, and the marginal lending facility will be reduced to 3.00 percent, 3.15 percent, and 3.40 percent, respectively, effective Dec. 18, 2024.
– Photo Agency Photogram –
(ITALPRESS).
