ECB cuts interest rates for second straight month..."Stimulating the economy rather than inflation"

[Anchor]
The European Central Bank, the ECB cut policy rates again following last month.

It is the first time in 13 years that the ECB has cut interest rates for a second month in a row, which appears to be a desperate measure to boost Europe's real economy.

Reporter Kim Ji-young reports.

[Reporter]
The European Central Bank, the ECB have lowered all three policy rates this month.

[Christine Lagarde / ECB President Ch: The Monetary Policy Board has decided to cut the ECB's three main interest rates by 0.25%p]

This is the third rate cut this year after June and September.

In particular, it is the first time in 13 years that interest rates have been lowered for two consecutive months.

It is analyzed that inflation is caught quickly in the eurozone and, instead, concerns about a contraction in the economy grow.

Indeed, the euro zone's September consumer price growth rate was 1.7%, below the monetary authority target of 2.0%.

[Tim Oetzner / 'Storing AG' Senior Trader: ECB Has Much Control Over Inflation The market is now primarily focused on stimulating the economy.Lagarde Governor

stressed that while all indicators used to point downward, they were still looking at a soft landing.

But experts are weighing that the ECB will also cut interest rates at its last monetary policy meeting of the year in December, as signs of economic contraction continue in several eurozone countries.

As a result, expectations in the market are also expected to grow that the U.S. Federal Reserve could cut interest rates further in November.

I'm Kim Jiyoung of YTN.

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Image: Moon Jihwan