The European Central Bank cut interest rates by 25 basis points to 2%, marking the seventh consecutive meeting of rate cuts.

Golden Finance reports that the European Central Bank has lowered the deposit mechanism interest rate by 25 basis points to 2%, in line with market expectations, marking the seventh consecutive meeting of rate cuts. The main refinancing rate and the marginal lending rate have been reduced from 2.4% and 2.65% to 2.15% and 2.4%, respectively.

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