European Central Bank Cuts Borrowing Rate by Quarter Percentage Point
Provided by
Dow Jones
By Tom Fairless
FRANKFURT--The European Central Bank lowered interest rates by a quarter percentage point, its second cut in three months, offering a boost to the eurozone's faltering economy and widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
Write to Tom Fairless at tom.fairless@wsj.com
(END) Dow Jones Newswires
September 12, 2024 08:31 ET (12:31 GMT)
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