Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
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The ECB cut rates by 25 basis points to 3%, causing the euro to dip slightly and affecting European financial markets, including the STOXX 600 index.
LONDON (Reuters) - The euro fell marginally on Thursday, while shares pared earlier losses after the European Central Bank cut interest rates by 25 basis points to 3%, as expected.
The euro wavered, but was last down 0.1% at $1.0485, having traded around $1.049 before the decision.
Europe's continent-wide STOXX 600 share index was last down 0.08%, having traded around 0.16% lower before the decision.
Germany's 10-year bond yield, the benchmark for the euro zone, barely budged and was last trading 1 basis point higher at 2.14%. Yields move inversely to prices.
(Reporting by Harry Robertson; Editing by Amanda Cooper)
The main topic is the European Central Bank's decision to cut interest rates by 25 basis points and its impact on the euro and financial markets.
The euro fell marginally by 0.1% to $1.0485 following the ECB's rate cut decision.
The STOXX 600 index saw a minor decline of 0.08% after the ECB's rate cut announcement.
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