Home BUSINESS NEWS European Central Bank Cuts Key Interest Rate by 25 bps to 3.25%... BUSINESS NEWS European Central Bank Cuts Key Interest Rate by 25 bps to 3.25% as Inflation Fades By - October 17, 2024 1 0 FacebookTwitterPinterestWhatsApp SOURCE : NEW18 NEWS The European Central Bank’s rate-setting council is expected to lower its benchmark rate from 3.5% to 3.25% at a meeting taking place in Llubljana, Slovenia, rather than its usual Frankfurt, Germany, headquarters.