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Friday, September 13, 2024

No Surprises as ECB Cuts Interest Rates

The European Central Bank as anticipated announced today its second 25-basis point deposit rate cut, which drops to 3.5% from a peak of 4.0% that had been maintained from September 2023 until its initial cut in June 2024. As decided earlier, the ECB refinancing rate and marginal lending rate were reduced by 60 basis points […]

* This article was originally published here

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