Reported 11 months ago
The European Central Bank has lowered its key interest rate by a quarter-point, moving before the U.S. Federal Reserve in the trend of global central banks reducing borrowing costs. The ECB's President, Christine Lagarde, mentioned at a news conference that they would keep policy rates restrictive for as long as necessary, without committing to a specific rate path. Analysts believe the ECB will maintain rates during its next meeting in July to further confirm inflation control.
Source: YAHOO