The European Central Bank (ECB) decided on Thursday to cut its key interest rates by 25 basis points at its rate-setting meeting.
With this adjustment, the interest rates for the deposit facility, the main refinancing operation, and the marginal lending facility are now set at 3 percent, 3.15 percent and 3.4 percent respectively, the bank said in a statement.
The decision to lower interest rates was "based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission," the statement said.
This marks the ECB's fourth rate cut this year, reducing rates from their historical highs.
European Central Bank cuts key interest rates by 25 basis points
Members of China's 41st Antarctic expedition team recently unloaded supplies for its research base on the continent from two icebreakers which spent more than a month at sea.
The unloading operations for around 5,300 cubic meters of cargo, weighing approximately 2,030 tons, took place around the Zhongshan Station, a permanent Chinese research property in Antarctica.
The cargo includes construction materials, scientific equipment, and essential logistical supplies.
China's two icebreakers Xuelong and Xuelong 2, or Snow Dragon and Snow Dragon 2, departed Guangzhou, capital of south China's Guangdong Province, on Nov 1, beginning a nearly seven-month research journey to Antarctic.
The Zhongshan Station is China's largest research facility in southeastern Antarctica and serves as a crucial support hub for the Kunlun and Taishan stations.
Chinese icebreakers unload supplies for research base in Antarctica
