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ECB cuts interest rates to 2.5 %

posted by Avatar wizardfx 1264 days ago in EUR, GDP, Inflation made popular 1264 days ago

Recession continued to dictate Europe's monetary policy yesterday when the European Central Bank (ECB) announced the biggest-ever interest rate cut in its history, slashing rates by a further 75 basis points to 2.5 per cent from the previous 3.25 per cent.
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