Eurozone Zinssatz

The ECB cut all three of its key interest rates by 25 basis points, lowering the main refinancing rate to 2.40%, the deposit rate to 2.25% and the marginal lending facility to 2.65%, as expected. The decision reflects growing confidence that inflation is on track to return sustainably to the 2% target. Both headline and core inflation have continued to ease, with services inflation also cooling. Wage growth is moderating, and firms are absorbing some of the cost pressure. However, risks to the Euro Area outlook remain, especially due to rising global trade tensions, which are hurting confidence and tightening financial conditions. The ECB acknowledged that growth prospects have weakened and emphasized a data-dependent approach going forward. It made no commitment to further cuts, underlining that future decisions will depend on economic data, inflation dynamics, and the strength of monetary transmission.