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The sun has set behind the European Central Bank, right, in Frankfurt, Germany, Wednesday, March 5, 2025, the day before the meeting of the ECB's governing council.
The sun has set behind the European Central Bank, right, in Frankfurt, Germany, Wednesday, March 5, 2025, the day before the meeting of the ECB's governing council.
At its last meeting on Jan. 30, the bank said the benchmark rate was still high enough to restrict growth; dropping that mention on Thursday could be seen as a signal that future cuts will be more limited. A top ECB official argued in a recent speech that recent changes in the economy may constrain how far the bank can go in cutting rates.
The meeting comes a day after the euro jumped 1.5% and a selloff in German bonds as the parties in talks to form Germany's new government agreed to create a 500 billion euro infrastructure fund ...
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... 31 January 2025 [7] 40.85 -11.85
A key change was that the ECB also reduced the interest rate applied to these open market operations to a rate going as low as -1% for the banks meeting the lending threshold of 0%. [112] With the TLTRO III, the participating banks were thus enabled to borrow at lower interest rates than those paid on their excess reserve. [ 113 ]
The European Central Bank eased rates in January, for example. A day later, the Federal Reserve in Washington said it would hold rates steady, and minutes from that meeting indicate U.S. policy makers may not move rates for a while given worries about how President Donald Trump's tariffs and other policies could keep upward pressure on inflation.
The ECB’s rate-setting council lowered its benchmark deposit rate to 2.5%. That should provide support for growth by making it cheaper to borrow and do things like buy a house or expand a factory. The rate was raised to a record 4% to combat inflation that reached 10.6% in Oct. 2022, but has been reducing it steadily since June.