ECB to cut rates to 2% by summer
As expected, the European Central Bank cut its key interest rates by 0.25 of a point, with its deposit rate falling to 2.75%. Eurozone inflation is just above the bank's 2% target, allowing the ECB to focus on supporting still-anemic economic growth. Its decision will gradually lower borrowing costs for businesses and households, including in Slovakia. Analysts expect another early ECB rate cuts, towards 2% this summer.
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