ECB cuts three key interest rates by 25 basis points

Source: Xinhua News Agency

Xinhua News Agency, Frankfurt, April 17 (Reporter Ma Yueran) The European Central Bank announced on the 17th that it would lower the three key interest rates in the euro zone by 25 basis points respectively. This is the bank's seventh rate cut since June last year.

After this adjustment, the eurozone deposit mechanism interest rates, main refinancing rates and marginal lending rates fell to 2.25%, 2.40% and 2.65% respectively.

In a press release released on the same day, the European Central Bank said that the latest data showed that the euro zone inflation continued to fall, with overall and core inflation both showing a downward trend in March, and the increase in service prices has also slowed significantly in the past few months. Most potential inflation indicators indicate that inflation is moving steady towards the 2% medium-term target.

Despite the improvement in inflation, the ECB pointed out that the outlook for economic growth in the euro zone has weakened and external risks have intensified. As global trade tensions heat up and uncertainty rises, it may weaken corporate and household confidence, and market volatility will also put further pressure on the financing environment, which will drag down the economic outlook.

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