The European Central Bank announced several interest rate cuts: the deposit rate is lowered to 2%.

Gate News bot message, the European Central Bank has made a decision to cut interest rates in its 7th consecutive meeting. The deposit facility rate is lowered by 25 basis points, from 2.25% to 2%. Meanwhile, the main refinancing rate is reduced from 2.4% to 2.15%, and the marginal lending rate is cut from 2.65% to 2.4%. This rate cut is in line with market expectations.

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