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ECB Cuts Key Interest Rate Again: Vienna Stock Exchange Reacts Cautiously
The European Central Bank (ECB) cut its key interest rate again, for the seventh time since June 2024. The deposit rate, a key reference value for banks and savers, was lowered by 0.25 percentage points to 2.25 percent. The measure had been expected, but its frequency and the tone of the ECB's communication make it clear that the situation is serious.
The ECB's next monetary policy decisions are eagerly awaited, as they could have a significant impact on economic development in the eurozone. / Picture: © Wikimedia Commons / Michielverbeek / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/deed.en)
With this seventh interest rate cut in less than a year, the ECB is clearly on a course of monetary easing. Officially, it justifies this step with an “exceptionally high level of uncertainty”, which is caused not least by growing global trade tensions. President Christine Lagarde once again refrained from making a clear statement on the future interest rate path - an unusual move…
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