ECB cuts rates amid falling inflation

 
 
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Thursday November 07 2013
 
 
Breaking news
 
ECB ECB cuts rates amid falling inflation
 
The European Central Bank has cut interest rates in response to falling inflation across the bloc.

The central bank's governing council on Thursday cut its benchmark main refinancing rate to 0.25 per cent. The deposit rate, which it pays on lenders' reserves parked at the ECB, remained at zero. The rate at which banks borrow from the ECB through its regular lending facility was cut by 25 basis points to 0.75 per cent.


 
 
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