ECB Cuts Rate Again by Quarter Point
This is Beirut, 30/01 15:45 - Reading : less than a minute
The European Central Bank on Thursday lowered interest rates by a further quarter percentage point as inflation eases and the eurozone economy falters. The decision marked the fourth meeting in a row that the ECB has reduced borrowing costs, and left the Frankfurt-based institution's key deposit rate at 2.75 percent. With AFP