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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

MYSTERIOUS: European central bank cuts interest rates after eurozone growth stalls - What They Never Told You

Sunrise at the Eiffel Tower in Paris along the Seine
The Eiffel Tower in Paris. France and Germany have suffered slowdowns in economic growth.
Photograph: Joakim Leroy/Getty Images

The European Central Bank has cut interest rates to ease the cost of borrowing across the 20-member eurozone as growth stagnates in the region.

The central bank cut rates by a quarter of a point to 2.75%, in line with expectations, after a run of bad news showing the bloc’s largest nations – France and Germany – suffering a slowdown in economic growth.

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