ECB expected to impose interest rate cuts anew this week
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NewsTranscript
00:00The European Central Bank or ECB is expected to implement interest rate cuts anew this
00:05week as inflation continues to decelerate to the 2% target.
00:10ECB started increasing rates in the middle of 2022 to address surging consumer prices,
00:16but has begun easing it since the inflation has dropped of late.
00:20It started its first cut in June, reducing the key deposit to 3.75% from a record high
00:264%.