Frankfurt (Germany), April 17 (LaPresse) – The Governing Council of the European Central Bank (ECB) decided today to reduce its three key interest rates by 25 basis points.
As a result, the interest rates on the deposit facility, the main refinancing operations, and the marginal lending facility will be lowered to 2.25%, 2.40%, and 2.65% respectively, effective from April 23, 2025.
The ECB announced this in a statement.
"The euro area economy has developed some resilience to global shocks, but the outlook for expansion has worsened due to rising trade tensions. Increased uncertainty is likely to dampen the confidence of households and businesses, and the adverse and volatile market reactions to trade tensions could lead to a tightening of financing conditions. These factors may further weigh on the economic outlook for the euro area," the ECB emphasized.