The European Central Bank lowered key interest rates in conjunction with the expectations for its monetary policy meeting on Thursday. This decision was made in the context of rising inflation. Now the bank presents a financial stimulus to support the economy.
It is expected that such a step will help improve financial conditions and contribute to economic growth. Moreover, changing the monetary policy will help achieve inflation targets. The provision of additional financial support is considered important in a situation when the economy is facing challenges.
In its statement, the ECB emphasized: "Further actions will be aimed at supporting the inflation level, as well as stimulating economic growth." This decision reflects the central bank's intention to raise the inflation rate and bolster economic development in the region.
