Brussels - Saba :
The European Central Bank (ECB) decided today, Thursday, to cut interest rates again in the eurozone, by 0.25% to 3.25%, its third quarterly cut this year.
According to Russia Today, the ECB's decision comes in light of the decline in inflation in the eurozone.
The interest rate (debit), through which banks can borrow money from the ECB, was also reduced by 0.25% to 3.4%.
The European Central Bank (ECB) announced this after an external session in Slovenia today.
The central bank avoided giving any hints about further rate cuts this year, noting that it will continue to make decisions based on available data.
The European Central Bank (ECB) decided today, Thursday, to cut interest rates again in the eurozone, by 0.25% to 3.25%, its third quarterly cut this year.
According to Russia Today, the ECB's decision comes in light of the decline in inflation in the eurozone.
The interest rate (debit), through which banks can borrow money from the ECB, was also reduced by 0.25% to 3.4%.
The European Central Bank (ECB) announced this after an external session in Slovenia today.
The central bank avoided giving any hints about further rate cuts this year, noting that it will continue to make decisions based on available data.