Summary
- The European Central Bank announced a third consecutive rate cut, bringing the deposit rate to 3.00%.
- It stated that as inflation falls to a controllable level and economic growth slows, an additional rate cut was decided.
- The rate cut is analyzed as an important factor that will affect changes in the investment environment.
The European Union has implemented a third consecutive rate cut.
According to the European Central Bank (ECB) announcement on the 12th (local time), the European deposit rate was reduced by 25 basis points from 3.25% to 3.00%.
The European Central Bank decided on a third rate cut following those in September and October. It appears that the additional cut was decided as inflation gradually falls to a controllable level and growth slows.
YM Lee
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