Tin tức thị trường
30.01.2025

ECB lowers its deposit facility rate by 25 basis points, as widely predicted

The European Central Bank (ECB) decreased its deposit facility rate by 25 basis points to 2.75 per cent on Thursday, as widely predicted. That marked the fifth rate cut by the ECB since it began easing monetary policy in June 2024.

In addition, the ECB’s interest rates on its main refinancing operations and marginal lending facility were reduced by 25 basis points each to 2.90 per cent and to 3.15 per cent, respectively. Those moves also aligned with markets’ anticipations. 

In its policy statement, the ECB noted:

- Today’s  decision to lower rates is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission;

- Disinflation process is well on track. Inflation is set to return to the Governing Council’s 2% medium-term target in the course of this year;

- Domestic inflation remains high;

- Wage growth is moderating as expected, and profits are partially buffering the impact on inflation;

- Governing Council’s recent interest rate cuts are gradually making new borrowing less expensive for firms and households;

- Financing conditions continue to be tight, as monetary policy remains restrictive and past interest rate hikes are still transmitting to the stock of credit;

- Economy is still facing headwinds;

- Rising real incomes and the gradually fading effects of restrictive monetary policy should support a pick-up in demand over time;

- Governing Council will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance;

- Governing Council is not pre-committing to a particular rate path;

- Governing Council stands ready to adjust all of its instruments within its mandate to ensure that inflation stabilises sustainably at its 2% target

Xem thêm