European Central Bank Cuts Key Interest Rate by 25 bps to 3.25% as Inflation Fades – News18
The European Central Bank started raising interest rates in the summer of 2021, taking them up to a record high of 4% in September 2023. The European Central Bank’s rate-setting council is expected to lower its benchmark rate from 3.5% to 3.25% at a meeting taking place in Llubljana, Slovenia, rather than its usual Frankfurt,…