India, Jan. 30 -- The European Central Bank cut its interest rates for a fourth policy session in a row as expected as euro area economy ground to a half in the final quarter of 2024 and inflationary pressures increased.
The Governing Council, led by ECB President Christine Lagarde, lowered the benchmark - the deposit rate - by 25 basis points to 2.75 percent.
The main refinancing rate was trimmed by a similar volume to 2.90 percent and the lending rate to 3.15 percent, respectively.
The central bank for the single currency bloc has lowered interest rates in every rate-setting session since September and each reduction was 25 basis points.
"The disinflation process is well on track," the ECB said in a statement.
"Inflation has continue...