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Home | ECB cuts rates to 1% |
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ECB cuts rates to 1%
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- December 09, 2011
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The Governing Council of the European Central Bank (ECB) has announced that the single currency’s interest rate has been reduced by 25 basis points to 1%. This means that the eurozone’s interest rate has returned to the record low first reached in the wake of the financial crisis, after two rate rises earlier in the [...]
- Read more at:http://www.bankingtimes.co.uk/2011/12/08/ecb-cuts-rates-to-1/
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