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What will be the ECB deposit facility rate at the end of 2024?
5
Resolution / Starting Odds
3.75% • 25%
3.50% • 25%
3.25% • 25%
3.00% or lower • 25%
European Central Bank official announcements
Story
ECB Cuts Key Interest Rates by 25 Basis Points, First Cut Since 2019
Jun 6, 2024, 12:20 PM
The European Central Bank (ECB) has cut its key interest rates by 25 basis points, marking the first reduction since 2019. The main refinancing rate has been lowered to 4.25%, the marginal lending facility to 4.50%, and the deposit facility rate to 3.75%. This decision aligns with market expectations. Despite the cut, the ECB has stated that it is not pre-committing to any particular rate path, indicating that further rate cuts should not be anticipated at this time. The ECB also raised its inflation forecast for 2024-2025, slightly above its 2.0% target, and emphasized a data-dependent, meeting-by-meeting approach moving forward. This move follows a similar rate cut by the Bank of Canada.
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Cut by 25 basis points • 33%
Cut by 50 basis points • 33%
No change • 33%
Below 3% • 25%
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5.1% or higher • 25%
4.6% to 5.0% • 25%
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Below 4.5% • 25%
Between 4.5% and 5.0% • 25%
Between 5.0% and 5.5% • 25%
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No • 50%
4.75% • 33%
4.50% • 33%
4.25% or lower • 33%
Below 2.0% • 25%
2.0% to 2.2% • 25%
2.3% to 2.5% • 25%
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2.6% or lower • 50%