Central Bank Cuts Euro Rate

This is a news story, published by CNBC, that relates primarily to The European Central Bank news.

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Euro zone inflation

CNBC

•

Business

Business & Economics

European Central Bank trims interest rates after inflation dips below target

Summary

Nutrition label

79% Informative

The European Central Bank on Thursday announced a 25 -basis-point interest rate trim taking the deposit facility rate to 2% , down from a mid-2023 high of 4% . The decision comes at a critical time for the euro zone economy as businesses and policy makers face increasing uncertainty in the wake of rising geopolitical tensions.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful