European Central Bank meeting —

At its 12 December 2024 meeting, the European Central Bank lowered its policy rate from 3.25% to 3.00%.

Decision

cut — 3.25% to 3.00%

Key passages

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points.

Rate cut confirms easing cycle; expected but confirms dovish lean.

The disinflation process is well on track.

Confidence in inflation returning to target supports further easing.

Meeting documents

Background reading

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