ECB cuts interest rates to all-time low

Note: This section contains information in English only.
Source: Reuters
The European Central Bank surprisingly lowered its benchmark interest rates to an all-time low on yesterday's policy meeting claiming that the rate cut may prevent the recovery from slowing down and helps reach the inflation target. The 23-man Governing Council cut the main refinancing rate by 0.25% to 0.25% as inflation in the euro-area eased to 0.7% in October.

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