ECB cuts interest rates to -0.50%

clock • 1 min read

The European Central Bank has put interest rates further into negative territory with a 10 basis point cut to -0.50%, it announced this Thursday. The central bank also said it would restart its quantitative easing (QE) policy from 1 November, at a monthly rate of €20bn. The cut in the interest rate represents a fresh all-time low for the Continent. In its press release, the ECB's governing council said it "expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?