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ECB cuts rates again as economy stumbles

Alexander Weber, Mark Schroers and Jana Randow

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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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