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European Central Bank cuts interest rates by 25 basis points!
According to reports from AFP, the European Central Bank announced on January 30 that it would cut its three key interest rates by 25 basis points each. This is the fifth rate cut since the bank announced a reduction in June 2024. Following this cut, the eurozone deposit facility rate, main refinancing rate, and marginal lending rate have been lowered to 2.75%, 2.90%, and 3.15%, respectively.
European Central Bank President Christine Lagarde stated at the press conference that the current interest rate level of the European Central Bank remains "restrictive" for the economy and has not yet reached a "neutral" level. Given the current situation, discussing "when to stop cutting rates is still premature."
"We know the direction we hope to move in, and we will continue to move in that direction." Lagarde believes that further easing of policy is necessary mainly due to the ongoing decline in eurozone inflation and the expectation that future economic growth will remain "weak."
Additionally, the European Central Bank is concerned about the trade war threats from the newly elected U.S. President Trump. "The escalation of global trade frictions may lead to a slowdown in eurozone economic growth by impacting exports," Lagarde warned.
With global economic growth sluggish, folks, it's becoming increasingly difficult to make money. Cherish the resources you have, avoid reckless actions, make every transaction count, and take care of what you have!
#BTC☀
According to reports from AFP, the European Central Bank announced on January 30 that it would cut its three key interest rates by 25 basis points each. This is the fifth rate cut since the bank announced a reduction in June 2024. Following this cut, the eurozone deposit facility rate, main refinancing rate, and marginal lending rate have been lowered to 2.75%, 2.90%, and 3.15%, respectively.
European Central Bank President Christine Lagarde stated at the press conference that the current interest rate level of the European Central Bank remains "restrictive" for the economy and has not yet reached a "neutral" level. Given the current situation, discussing "when to stop cutting rates is still premature."
"We know the direction we hope to move in, and we will continue to move in that direction." Lagarde believes that further easing of policy is necessary mainly due to the ongoing decline in eurozone inflation and the expectation that future economic growth will remain "weak."
Additionally, the European Central Bank is concerned about the trade war threats from the newly elected U.S. President Trump. "The escalation of global trade frictions may lead to a slowdown in eurozone economic growth by impacting exports," Lagarde warned.
With global economic growth sluggish, folks, it's becoming increasingly difficult to make money. Cherish the resources you have, avoid reckless actions, make every transaction count, and take care of what you have!
#BTC☀
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