ECB lowers interest rates

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters
European Central Bank (ECB) has unpredictably lowered the interest rate from 1.5% to 1.25%. According to ECB president Mario Draghi, several predictions regarding economic growth in 2012 have been revised downwards and therefore initiated interest rate cut.  Draghi characterized eurozone as a highly uncertain economic environment facing many challenges that can hinder economic growth. 

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