ECB Cuts Rates 25bps — Euro Slides to 6-Month Low
The European Central Bank delivered its first rate cut in two years, sending the euro to multi-month lows.
James Wright4 minApril 17, 2026
The European Central Bank cut its deposit rate by 25 basis points to 3.75% on Thursday, the first cut since 2019.
Euro Response
EUR/USD fell 0.7% to 1.0680 following the decision. EUR/GBP hit a 6-month low of 0.8450.
Outlook
Markets are pricing in two more rate cuts by the end of 2026.