ECB lowers benchmark interest rate to 0.25%

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Go back to ECB lowers benchmark interest rate to 0.25%

Euro Slumps as ECB Moves to Keep Recovery Momentum Going (FXE)

November 7, 2013 10:37 AM EST

The European Central Bank (ECB) aimed to keep Europe's recovery going by cutting its key lending rate to a new record low.

Earlier Thursday, the ECB trimmed its main refinancing rate by 25 basis points to 0.25 percent. The bank also lowered the rate it pays on bank deposits... More