ECB Unexpectedly Cuts Interest Rates as Outlook Darkens

The European Central Bank unexpectedly cut interest rates at today’s decision to spur economic growth and stave off the threat of deflation. The ECB’s 24-member Governing Council meeting in Frankfurt reduced all three of its main interest rates by 10 basis points. The benchmark rate is now 0.05 …

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ECB Unexpectedly Cuts Interest Rates as Outlook Darkens

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