CandleFocus ECB makes 25 bps rate cut as inflation drops to three-year low
2024-10-17
Author: Content Editor
The Euro Central Bank (ECB) has decided to cut interest rates by 25 basis points, marking its third rate reduction this year. The decision comes after inflation rates in the eurozone have been declining, with September's inflation rate dropping to a three-year low. This reduction in interest rates is expected to stimulate economic growth and potentially boost investor interest in riskier assets like Bitcoin.
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