Indicating its shifting stance, the ECB’s statement dropped wording saying policy will remain “sufficiently restrictive” for as long as necessary.
The European Central Bank lowered interest rates for a third consecutive meeting, signalling more reductions next year as inflation nears 2% and the economy struggles.
The deposit rate was cut by a quarter-point to 3% — as predicted by all but one analyst in a Bloomberg survey. That brings total easing since June to 100 basis points.
