Eurozone rate cut to boost growth

  • 12 years ago
The European Central Bank has cut borrowing costs to a new record low trying to breathe life into a weakening eurozone economy.

The main interest rate was reduced from 1.0 percent to 0.75 percent.

It is a complement to measures agreed by government leaders last week to tackle the bloc's debt crisis.

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http://www.euronews.net/

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