European Central Bank Lowers Deposit Rate by 0.25%p to 2.75% Annually

Korea Economic Daily

The European Central Bank announced that it has lowered the deposit rate from 3.00% per annum to 2.75%.
With this reduction, the main refinancing rate has been adjusted from 3.15% per annum to 2.90%.
The ECB stated that it structures its monetary policy primarily around the deposit rate.

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The European Central Bank (ECB) has lowered its policy rate for the fourth consecutive time.

On the 30th (local time), the ECB announced in Frankfurt, Germany, that it has reduced the deposit rate from 3.00% per annum to 2.75%.

The main refinancing rate was lowered from 3.15% per annum to 2.90%, and the marginal lending rate was also reduced from 3.40% per annum to 3.15%.

The ECB formulates its monetary policy primarily around the deposit rate among these three policy rates.

Kim Yerang, Hankyung.com Reporter yesrang@hankyung.com

Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.

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