European Central Bank announces further interest rate cut of 0.25%

The European Central Bank in Frankfurt, Germany

The European Central Bank (ECB) cut interest rates again today by 0.25% in a bid to help the faltering economy as the threat of inflation continues to recede.

This cut, announced following the ECB’s final meeting of the year, means that interest rates have been cut four times since June which has been good news for borrowers. There had been speculation that a 0.5% cut was on the cards for this meeting but that didn’t come to fruition.