On the 12th local time, the European Central Bank held a monetary policy meeting at its headquarters in Frankfurt, Germany, and decided to cut all three key interest rates by 25 basis points. This is also the fourth interest rate cut this year after the European Central Bank announced interest rate cuts in June this year. According to the latest interest rate decision announced by the European Central Bank, the deposit mechanism rate was reduced to 3.0%, the main refinancing rate was reduced to 3.15%, and the marginal lending rate was reduced to 3.40%.