ECB warns of weakening economy following interest rate cut

BRUSSELS, 30th January, 2025 (WAM) -- The European Central Bank (ECB) announced today a 25-basis-point interest rate cut, marking its fifth reduction since the bank began easing monetary policy in June last year.

With this adjustment, the ECB's deposit facility rate-the bank's main interest rate-now stands at 2.75 percent. Markets had priced in a more than 90 percent probability of a 25-basis-point cut ahead of t