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EUROPOLITICS / Euro & EMU

European Central Bank

ECB lowers interest rates as recession bites

By Sarah Collins | Thursday 03 November 2011

The European Central Bank has lowered its main borrowing rate by 25 basis points to 1.25% in the face of faltering economic growth and weak consumer demand. The surprise move is the first by new ECB President Mario Draghi, who was expected to leave...


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