European Central Bank cuts deposit mechanism interest rate by 25 basis points to 2.5%

GuShiio.com learned that the European Central Bank cut the deposit mechanism interest rate by 25 basis points to 2.5%, in line with market expectations and the fifth consecutive meeting to cut interest rates. The main refinancing rate and marginal lending rate were lowered from 2.90% and 3.15% to 2.65% and 2.9%, respectively.