Reduction by quarter of a point to 2.75% aims to stimulate economy, which stagnated in last quarter of 2024
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The European Central Bank has cut interest rates to ease the cost of borrowing across the 20-member eurozone as growth stagnates in the region.
The central bank cut rates by a quarter of a point to 2.75%, in line with expectations, after a run of bad news showing the bloc’s largest nations – France and Germany – suffering a dramatic slowdown in economic growth.
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Source link : https://www.theguardian.com/business/2025/jan/30/european-central-bank-cuts-interest-rates-after-eurozone-growth-stalls
Author : Phillip Inman
Publish date : 2025-01-30 13:53:45
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