The European Central Bank has cut interest rates by a quarter-point to 3.25 per cent, amid signs that growth and inflation in the Eurozone are weakening.
Thursday’s move took Eurozone rates to their lowest point since May 2023 and followed a cut of the same size at the ECB’s meeting last month
While the cut was widely anticipated, the ECB said it was based on an “updated assessment of the inflation outlook”.
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