Euro rates slashed to boost growth

Mounting fears over the sluggish eurozone economy have prompted the European Central Bank (ECB) to cut its key interest rate by a half-point, to 2.75%. There have been strong hints in the weeks since the last meeting from governing council members that the Bank would act today. Speaking on Tuesday Wim Duisenberg said "downside risks to economic growth have not disappeared".

The move follows more than a year of ECB inaction on rates, despite cuts enacted by other major central banks.

Europe's e

To continue reading...

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 indvidual account here: