Reduction by quarter of a point to 2.75% aims to stimulate economy, which stagnated in last quarter of 2024
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The European Central Bank has cut interest rates to ease the cost of borrowing across the 20-member eurozone as growth stagnates in the region.
The central bank cut rates by a quarter of a point to 2.75%, in line with expectations, after a run of bad news showing the bloc’s largest nations – France and Germany – suffering a dramatic slowdown in economic growth.
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