Press Release: (ECB) Monetary policy decisions ( cutting rates 25 bp)

www.ecb.europa.eu

Press Release: (ECB) Monetary policy decisions ( cutting rates 25 bp)

www.ecb.europa.eu

Riddick3001@lemmy.world to

Europe@feddit.orgEnglish · 1 month ago

Monetary policy decisions

www.ecb.europa.eu

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

Red: added some changes to auto title for clarity.

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