Benchmark refinancing rate was reduced by 25 points baseline to 0.75%.
Today’s reduction makes the key rate the lowest in history of ECB. Analysts expected the ECB will lower the refinancing rate to this level.
The ECB also announced a reduction of 25 points deposit facility rate to 0.0% and lending rate to 1.5%.
Despite news of interest rate cut euro remained lower against USD, reaching only 1.2489.
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