Loading...
Market
What will be the ECB's main refinancing rate at the end of 2024?
4
Resolution / Starting Odds
4.25% • 25%
4.00% • 25%
3.75% • 25%
3.50% 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.
View original story
Similar markets
Cut by 25 basis points • 33%
Cut by 50 basis points • 33%
No change • 33%
Below 2.0% • 33%
Between 2.0% and 2.6% • 33%
Above 2.6% • 33%
Below 4.5% • 25%
Between 4.5% and 5.0% • 25%
Between 5.0% and 5.5% • 25%
Above 5.5% • 25%
Below 3% • 25%
3% to 3.5% • 25%
3.5% to 4% • 25%
Above 4% • 25%
5.1% or higher • 25%
4.6% to 5.0% • 25%
4.1% to 4.5% • 25%
4.0% or lower • 25%
Below 2.4% • 33%
Between 2.4% and 2.6% • 33%
Above 2.6% • 33%
4.75% • 33%
4.50% • 33%
4.25% or lower • 33%
2.8% or higher • 25%
2.6% to 2.7% • 25%
2.4% to 2.5% • 25%
2.3% or lower • 25%
Higher than 2.6% • 50%
2.6% or lower • 50%