E.C.B. Cuts Rates for Second Month in a Row
The European Central Bank cut its benchmark interest rate for the second month
in a row Thursday, undoing rate increases made earlier this year in response to
slowing growth and increasing signs of a credit crunch.
The E.C.B. cut its key rate to 1 percent from 1.25 percent, as expected,
returning it to the record low level that had prevailed from 2009 until earlier
this year.
Read More:
http://www.nytimes.com/2011/12/09/business/global/ecb-cuts-rates-for-second-month-in-a-row.html?emc=na
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