Roundup: ECB cuts key interest rates by 25bp

FRANKFURT, Dec. 12 (Xinhua) -- The European Central Bank (ECB) reduced its key interest rates by 25 basis points on Thursday at a rate-setting meeting, marking the fourth rate cut this year.

The move follows an aggressive cycle of rate hikes that pushed rates to record highs in September 2023.

With this adjustment, the interest rates for the deposit facility, the main refinancing operation, and the margi