Viewpoint

A Turning Point for European Interest Rates

June 6, 2024 10 Minute Read

Map of Europe_03_Website 1080x1080-01

Looking for a PDF of this content?

Download

The European Central Bank (ECB) has today implemented its first interest rate cut of a new cycle. The 25-basis point decrease has been well-telegraphed and moves the main refinancing rate (the main lending rate that banks can borrow from the ECB over the medium term) to 4.25%, and the deposit rate (the interest rate on overnight deposits placed by banks with the ECB) to 3.75%.