Following the October policy meeting, the ECB announced that it lowered key rates by 25 basis points (bps). With this decision, the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility, also known as the benchmark interest rate, stood at 3.4%, 3.65% and 3.25%, respectively.

The European Central Bank (ECB) is poised to announce its last interest rate cut of the year on December 12. Analysts expect the cuts will be modest, at 25 basis points, down from earlier speculation of a larger 50-basis-point move.

The European Central Bank is releasing its its decision on interest rates and a rate cut is a foregone conclusion