European Central Bank makes 25bp cut
Lagarde “confident” EU central banks will not add crypto to their reserves
The European Central Bank has cut rates by 25 basis points.
In announcing the cuts today (January 30), ECB president Christine Lagarde said the Eurosystem’s governing council had made the decision unanimously.
“We did not even utter the two numbers five and zero,” she said, referring to whether a larger cut had been discussed at today’s meeting.
The new rates are 2.75% for the ECB’s deposit facility, 2.9% for its main refinancing operations and 3.15% for its marginal lending facility.
Lagarde
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