European Central Bank cuts main interest rate by 0.25 points
![The ECB president, Christine Lagarde. Photograph: Kai Pfaffenbach/Reuters](https://moneyhub.ee/wp-content/uploads/2024/06/2192-1024x614.avif)
The European Central Bank has eased pressure on borrowers across the eurozone by cutting its main interest rate for the first time in almost five years. Citing a sustained fall in inflation, the ECB announced a cut in its deposit rate to 3.75% from a record high of 4%. This puts it ahead of the […]