According to BlockBeats, on September 12, the European Central Bank cut interest rates for the second time in the cycle, lowering the deposit mechanism rate from 3.75% to 3.50%, the lowest level since June 2023, in line with market expectations.
The deposit rate of the European Central Bank in the Eurozone is 3.5% as of September 12, which is expected to be 3.50% and the previous value is 3.75%. The EUR/USD exchange rate has risen by more than ten points in the short term and is now at 1.1019. (Jinshi)
