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MNI BRIEF: ECB Cuts 25BP, Policy Meaningfully Less Restrictive

ECB cuts deposit rate 25bp to 2.50%

MNI (LONDON) - The European Central Bank cuts its benchmark deposit rate by 25 basis points to 2.50% on Thursday, but stated policy is becoming "meaningfully less restrictive." (See MNI SOURCES: ECB Likely To Tweak Language, Keep "Restrictive" )

In a statement , the ECB also said the rates on the refinancing rate and the marginal lending rate had also been cut by 25bp.

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MNI (LONDON) - The European Central Bank cuts its benchmark deposit rate by 25 basis points to 2.50% on Thursday, but stated policy is becoming "meaningfully less restrictive." (See MNI SOURCES: ECB Likely To Tweak Language, Keep "Restrictive" )

In a statement , the ECB also said the rates on the refinancing rate and the marginal lending rate had also been cut by 25bp.

Keep reading...Show less