Moneyfarm's chief investment officer Richard Flax said in a report that the ECB decided to cut interest rates on Thursday after cutting interest rates again in September, which shows that the bank is now focusing on reigniting growth rather than taming inflation. “This is the first continuous rate cut in 13 years, highlighting the ECB's serious concerns about slow economic growth, particularly in Germany,” he said.

Moneyfarm's chief investment officer Richard Flax said in a report that the ECB decided to cut interest rates on Thursday after cutting interest rates again in September, which shows that the bank is now focusing on reigniting growth rather than taming inflation. “This is the first continuous rate cut in 13 years, highlighting the ECB's serious concerns about slow economic growth, particularly in Germany,” he said.