In June 2024, the European Central Bank (ECB) slashed its key interest rate by 25 basis points to 4.25%, its first rate cut since March 2016, as inflationary pressures eased. Prior to the shift in monetary policy, the ECB had raised its key interest rate ten times from 0.00% in June 2022 to 4.50% in September 2023.
The interest rates on the marginal lending facility and the deposit facility were also cut by 25 basis points each to 4.5% and 3.75%, respectively.
Source: www.globalpropertyguide.com