European Central Bank Cuts Rate 25bps to 3.25%

The dovish European Central Bank (ECB) has further cut key rate by additional 25 basis points (bps) to 3.25%, according to a latest monetary decision announced at its meeting in Slovenia.

The deposit interest rate is now at 3.25%, down from 3.5%. ECB has been hacking rate amidst effort to see Europe economic growth consolidating.

The decision to cut rates only five weeks after the last cut and with only very few pieces of economic data since then, suggests that the ECB must have become much more concerned about the Eurozone’s growth outlook and the risk of inflation undershooting the target, ING said in a note.

Analysts also noted that the official language in the ECB’s decision was almost unchanged from the September meeting. #European Central Bank Cuts Rate 25bps to 3.25%

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