ECB announces rate cuts! Asymmetric cuts to the three main interest rates
ECB announces rates, decides to cut the deposit facility rate by 25 basis points and cut the main refinancing and marginal lending rates by 60 basis points。The main refinancing rate, marginal lending rate and deposit mechanism rate after the interest rate cut are 3..65%, 3.90% and 3.50%。The ECB's asymmetric rate cut is aimed at ensuring that market conditions are manageable when tapering by adjusting deposit and loan spreads。