The European Central Bank (ECB) on Thursday announced a reduction in its three key interest rates by 0.25 per cent.
This brings the deposit facility rate to 2.75 per cent, the main refinancing operations rate to 2.90 per cent, and the marginal lending facility rate to 3.15 per cent.
According to the announcement, the new rates will take effect from February 5, 2025.
This move marks a significant step by
