ECB set to cut interest rates by quarter point in December

The European Central Bank (ECB) is expected to lower interest rates by a quarter-point in December, according to Governing Council member Yannis Stournaras.

Stournaras expressed confidence in the decision, stating that a reduction of 25 basis points is considered ideal for the current economic situation.

His comments indicate that the decision is almost finalized, reflecting the ECB"s ongoing efforts to address economic challenges.

This anticipated adjustment aligns with broader monetary policy strategies aimed at promoting growth in the Eurozone.

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