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The European Central Bank cut interest rates for the third time in a row to boost the sluggish economy. The European Central Bank cut interest rates for the third time in a row on Thursday, and hinted that with inflation approaching 2% and the economy in trouble, it will further cut interest rates next year. The deposit interest rate was lowered by 25 basis points to 3%, which was in line with the expectations of all but one of the analysts surveyed. This makes the total easing range since June reach 100 basis points. In its statement, the European Central Bank abandoned the wording that the policy would be "fully restrictive for a necessary long time", indicating that its position has changed. "The Management Committee is determined to ensure that the inflation rate is sustainably stabilized at the medium-term target of 2%." The European Central Bank said on Thursday. "The central bank will adopt a method of relying on data and meeting one after another to determine the appropriate monetary policy stance."After the release of US economic data, traders increased their bets on the Fed's interest rate cut next year, and US short-term interest rate futures narrowed and fell earlier.European Central Bank President Lagarde: Reiterating the European Central Bank policy statement.

US President-elect Trump: We will reduce the corporate tax to 15%.European Central Bank President Lagarde: The government should focus on reforms that promote growth. 

Market news: STARBOARD VALUE shares in bitcoin mining company RIOT.European Central Bank President Lagarde: Potential inflation and inflation continue to return to the target in the same direction.European Central Bank President Lagarde: Domestic inflation remains high. Inflation will fluctuate around the current level in the short term. Domestic inflation reflects the influence of wage pressure and service industry.