🟢 Rate Cut: ECB drops interest rates from 3.40% to 3.15%, with the deposit rate now at 3.00%.
🟢 Reason: The eurozone economy struggles with weak growth, political drama, and global trade jitters.
🟢 Market outlook: More rate cuts might be coming soon, as inflation is expected to settle at 2% by early 2025.
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Edited 13 Dec 2024, 11:03
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