ECB cuts interest rates to 2% in effort to bolster flagging eurozone growth
by Phillip Inman from on (#6XS0T)
European Central Bank makes eighth quarter-point cut in a year as bloc reels from impact of Trump's trade wars
The European Central Bank has cut interest rates to 2% in an effort to boost flagging economic growth across the eurozone.
The ECB, making its eighth quarter-point cut in a year, said the 20-member currency bloc needed a reduction in the cost of borrowing as it reeled from the damage caused by Donald Trump's trade wars.
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