The European Central Bank has made a new decline in interest rates by 0.25%today by the beginning of the year. After the reduction, the ECB’s basic deposit rate is 2.25%. Today’s decision by the ECB’s Board of Directors was taken in the shadow of new duties imposed by US President Donald Trump. Its decision to reduce the interest rate on the facility of acceptance of deposits – the interest rate by which the Board of Directors gives the direction of monetary policy – is based on its updated evaluation of inflation prospects, the dynamics of underlying inflation and the intensity of the monetary policy. EKT estimates that the process of downgrading inflation is on the right track. Inflation continued to evolve as experts expected, with general inflation and the core of inflation receding in March. Inflation of services has also declined significantly in recent months. Most of the underlying inflation indicates that […]
Source: News Beast
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