The European Central Bank cut its headline interest rate by a quarter of a percentage point to 3.25% after inflation in the euro zone fell below its 2% target.
ECB policymakers said after inflation figures released early Thursday showed annual price growth in the single currency bloc slowed to 1.7% in September from 2.2% the previous month. was under pressure to lower deposit rates.
It was the ECB's third interest rate cut this year, two more than the Bank of England's Monetary Policy Committee, which is widely expected to cut Britain's borrowing costs by 0.25 percentage points from the current 5% level. I'll see you again next month.
In the United States, the Federal Reserve has signaled it intends to cut interest rates in the coming months, although there have been indications that it may not cut rates at next month's meeting.
Gold prices hit an all-time high just before the announcement, hitting $2,688.82 (£2,065.26) an ounce for the first time, boosted by expectations of interest rate cuts around the world and uncertainty ahead of next month's US presidential election. was recorded.
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