The European Central Bank cut interest rates by 25 basis points as expected.

TechFlow news, on January 30, according to Jinshi News, the European Central Bank lowered its deposit facility rate by 25 basis points to 2.75%, in line with market expectations, marking the fourth consecutive meeting to cut rates by 25 basis points.

The main refinancing rate and marginal lending rate were reduced from 3.15% and 3.40% to 2.90% and 3.15%, respectively.