Frankfurt | The European Central Bank lowered borrowing costs for a fifth time since June, with the region’s economy stalling and the 2 per cent inflation target in reach.
Officials reduced the deposit rate by a quarter-point to 2.75 per cent — as predicted by all analysts in a Bloomberg poll. They continued to describe their current monetary-policy stance as “restrictive”, signalling more loosening is in the pipeline, while reiterating that they’re not pre-committing to a particular rate path.
