ECB cuts key rates by 25 bps in March monetary policy decision, as expected

Prior decision- Deposit facility rate 2.50% vs 2.50% expected
- Prior 2.75%
- Main refinancing rate 2.65% vs 2.65% expected
- Prior 2.90%
- Marginal lending facility 2.90%
- Prior 3.15%
- Monetary policy is becoming meaningfully less restri
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