ECB cuts interest rates by 0.5%

Summary - The European Central Bank (ECB) has made a surprise cut in its key interest rate reducing it by a quarter point to 4.5%.

ARTICLE - The news gave an immediate boost to the European single currency, the euro, against the dollar, and triggered a surge in share prices.

The ECB was the last of the big central banks to cut rates, after it had insisted for months that it was more concerned about inflation in the 12 country eurozone than worries about a global economic slowdown.

It was only the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.