European Central Bank cuts main interest rate by 0.25 points
European Central Bank cuts main interest rate by 0.25 points
www.theguardian.com European Central Bank cuts main interest rate by 0.25 points
ECB reduces rate to 3.75% across eurozone, putting it ahead of US Federal Reserve and Bank of England
Citing a sustained fall in inflation, the ECB said its deposit rate would be cut to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates.
