ECB cuts rates again as economy stumbles
Alexander Weber, Mark Schroers and Jana Randow
The European Central Bank lowered interest rates for the second time this year with inflation receding toward 2 per cent and concerns about the economy building.
The key deposit rate was cut by 25 basis points to 3.5 per cent — as all analysts polled by Bloomberg predicted. The ECB reiterated that it can’t commit to a specific course for borrowing costs.
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