ECB shocks with modest rate cut
皇冠体育app Daily | Updated: 2009-04-03 07:58
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ECB President Jean-Claude Trichet speaks at a news conference at the bank's headquarters in Frankfurt. Bloomberg News |
The European Central Bank shocked financial markets by cutting its main interest rate by a smaller-than-expected 25 basis points yesterday, taking it to a new low of 1.25 percent.
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