ECB Cuts Key Interest Rate to 0.5% - Presented by: The Aol. On Network

The European Central Bank cut interest rates for the first time in 10 months on Thursday, promising to provide as much liquidity as euro zone banks need well into next year and to help smaller companies get access to credit. The ECB lowered its main interest rate by a quarter percentage point to a record low 0.50 percent in response to a drop in euro zone inflation well below its target level, and rising unemployment.



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