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European Central Financial institution President Christine Lagarde is giving a press convention following the financial institution’s newest financial coverage determination.
Comply with CNBC’s ECB reside weblog right here.
The European Central Financial institution introduced a 25-basis-point rate of interest lower on Thursday, as anticipated, in its fifth discount for the reason that central financial institution started easing financial coverage in June final yr.
The discount brings the ECB’s deposit facility, its key fee, to 2.75%. Markets had been pricing in an over 90% likelihood of a 25-basis-point lower forward of the announcement.