ChainCatcher reported that according to Jinshi, the European Central Bank cut interest rates for the second time in the cycle, lowering the deposit mechanism rate from 3.75% to 3.50%, the lowest level since June 2023, in line with market expectations.
The European Central Bank's main refinancing rate in the euro area was 3.65% as of September 12, in line with expectations and up from a previous value of 4.25%.
The ECB deposit facility rate in the euro area is 3.5% as of September 12, in line with expectations of 3.50% and the previous value of 3.75%.
