European Central Bank Cuts Rates
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interest ratesReuters
•Business
Business & Economics
ECB cuts rates as tariffs to hits already weak growth
79% Informative
The European Central Bank cut interest rates as expected on Thursday , easing for the seventh time in the past year .
The central bank for the 20 nations sharing the euro cut its deposit rate by 25 basis points to 2.25% , in line with the expectation of most economists polled by Reuters .
The change comes as interest rates are now at the top end of the ECB 's "neutral rate", a level which neither restricts nor stimulates economic growth.
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