ECB cuts key rate by a quarter of a point to 3.25% after annual price growth in the eurozone fell to 1.7%
The European Central Bank has cut its headline interest rate by a quarter of a point to 3.25% after inflation in the eurozone fell below its 2% target.
ECB policymakers were under pressure to reduce the deposit rate after figures out earlier on Thursday showed annual prices growth in the single-currency bloc had eased in September to 1.7%, down from 2.2% the previous month.
Continue reading…ECB cuts key rate by a quarter of a point to 3.25% after annual price growth in the eurozone fell to 1.7%Business live – latest updatesThe European Central Bank has cut its headline interest rate by a quarter of a point to 3.25% after inflation in the eurozone fell below its 2% target.ECB policymakers were under pressure to reduce the deposit rate after figures out earlier on Thursday showed annual prices growth in the single-currency bloc had eased in September to 1.7%, down from 2.2% the previous month. Continue reading…