Default ECB cut eurozone interest rates menhadapi Recession
European Central Bank cut interest rates for the second time in two months in an effort to stimulate the economy amid growing fears of recession and to boost investor confidence due to tensions in the banking sector amid the debt crisis worsened. Board of Trustees chaired by Mario Draghi ECB President on Thursday decided to reduce the main refi rate by 1 percent from 1.25 percent. this is in accordance with the expectations of economists in a session later this year.
European Central Bank cut interest rates for the second time in two months in an effort to stimulate the economy amid growing fears of recession and to boost investor confidence due to tensions in the banking sector amid the debt crisis worsened. Board of Trustees chaired by Mario Draghi ECB President on Thursday decided to reduce the main refi rate by 1 percent from 1.25 percent. this is in accordance with the expectations of economists in a session later this year.
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