On Thursday 30 January, the Governing Council decided to lower the three key interest rates of the European Central Bank (ECB) by a further 25 basis points, for the fifth time since June 2024 (see EUROPE B13544A10).
From Wednesday 5 February, the deposit facility rates, the main refinancing operations and the marginal lending facility will be lowered to 2.75, 2.90 and 3.15% respectively.
Citing a “unanimous” decision, ECB President Christine Lagarde indicated that the Governing...