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European Central Bank cuts interest rates after inflation falls below 2%
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 inflation 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.
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Tag: | Europe |
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