Reaffirmed future inflation drop allows for another ECB rate cut

12 September 2024

The Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction.

Monetary policy decisions

Mortgage market gradually recovering

24 September 2024

The countercyclical capital buffer rate remains at its current level.

Macroprudential Commentary

Governor Peter Kažimír: Slow and steady wins the race

16 September 2024
Our September call to cut the key interest rate was straightforward and unanimous.
It keeps monetary policy sufficiently tight to push inflation towards the desired level as soon as the next year. At the same time, it provides some relief to our economy.

Governor’s comment