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ECB decision on key interest rates: reduction expected on Thursday
The European Central Bank (ECB) makes a decision on key interest rates in the face of falling inflation in the euro area. Will there be a reduction? All details here.
ECB decision on key interest rates: reduction expected on Thursday
The European Central Bank (ECB) is facing an important decision on key interest rates. Experts expect a reduction of 0.25 percentage points due to falling inflation in the euro area. ECB President Christine Lagarde had already hinted at a rate cut in a speech as inflation fell to 1.8 percent in September, below the target of two percent.
The decision will be announced after a meeting in Slovenia on Thursday afternoon at 2:15 p.m. The deposit rate is currently 3.5 percent and a reduction could support economic dynamism. Lagarde emphasized the importance of a flexible monetary policy stance to respond to current challenges.
The ECB's decision will be closely followed by financial experts and market participants as it may have a direct impact on credit conditions, investments and economic growth. It is expected that a rate cut could help protect the euro area from a deflationary spiral and support the economic recovery.
Source: www.vol.at