The European Central Bank has reduced its benchmark interest rate by a quarter-point to 2.5 per cent, as it signalled a possible slowdown in cuts to borrowing costs.
Thursday’s widely expected move is the sixth reduction in the ECB’s deposit rate since the central bank started its rate-cutting cycle last June, when the benchmark stood at a record high of 4 per cent to counter surging inflation.
In a change of tone that signals a more hawkish stance, the ECB said that “monetary policy is becoming meaningfully less restrictive”.
您已閱讀15%（532字），剩餘85%（2977字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。