The European Central Financial institution (ECB) introduced a discount in its benchmark rates of interest on Thursday—its sixth downward revision in about 9 months.
The place does the important thing ECB rate of interest stand?
With Thursday’s revision, the ECB introduced its deposit price to 2.5 per cent.
The central financial institution cited financial coverage turning into much less restrictive of development with inflation falling in the direction of its purpose of two per cent.
The central financial institution, nonetheless, talked about “phenomenal uncertainty” such because the dangers of a worldwide commerce warfare and rising defence spending fuelling inflation. A worsening inflation may result in delayed cuts in post-COVID rates of interest within the coming months, say analysts.
With inputs from businesses
