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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 18/Oct 09:10

ECB rate cut piles pressure on Euro

The European Central Bank has lowered interest rates for the third time this year, as inflation in the eurozone shows signs of easing and the economy struggles to regain momentum. Thursday’s quarter-point rate cut brings the deposit rate down to 3.25%. With money markets now expecting three more rate cuts by March 2025, the euro is likely to face prolonged downward pressure, according to the CEO of a leading independent financial organisation. “This is the first time in 13 years that the ECB has delivered consecutive rate cuts, marking a pivotal moment for both the eurozone economy and global investors,”

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