ECB cuts main interest rates to 0%

The European Central Bank has cut all of its main interest rates including a surprise reduction in the main refinancing rate to 0% from 0.05%.

ECB cuts main interest rates to 0%

The European Central Bank has cut all of its main interest rates including a surprise reduction in the main refinancing rate to 0% from 0.05%.

It also reduced the interest rate on deposits held by banks at the central bank to minus 0.4% from minus 0.3%.

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