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The European Central Bank (ECB) has cut its key interest rates for the third time since June, with the deposit rate now at 3.25% and the main refinancing rate at 3.40%. This decision comes amid economic distress and weak manufacturing indicators, although the ECB maintains a soft landing outlook for the economy. Future rate cuts are anticipated, influenced by ongoing wage demands in the service sector, which could keep rates higher than pre-pandemic levels.
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ecb cuts interest rates again amid economic concerns and inflation challenges
16:47 17.10.2024
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