ECB cuts interest rate and expands stimulus

The European Central Bank has cut a key interest rate and extended its stimulus programme to bolster the 19-country eurozone economy – but the actions underwhelmed investors, who pushed stocks sharply lower.

ECB cuts interest rate and expands stimulus

The European Central Bank has cut a key interest rate and extended its stimulus programme to bolster the 19-country eurozone economy – but the actions underwhelmed investors, who pushed stocks sharply lower.

The main move by the ECB was to cut the interest rate on deposits from commercial banks from -0.2% to -0.3%.

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