The fifth ECB rate cut since June, which had been well telegraphed to the market, lowered the rate that the central bank pays on deposits to 2.75% from 3.0%.

The European Central Bank cut interest rates again Thursday and signalled more to come as the eurozone economy flatlines, while

Europe's benchmark index was trading around record highs on Thursday, led by real estate and technology stocks, after the European Central Bank cut interest rates by a quarter point as expected. The pan-European STOXX 600 was up 0.

Investors maintained bets for further easing, pricing an additional 70 basis points of cuts during the rest of 2025, which would lower rates to near 2 per cent.