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Europe's Central Bank Cuts Rate to Historic Low Europe's Central Bank Cuts Rate to Historic Low

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Economy

Europe's Central Bank Cuts Rate to Historic Low

In a widely expected move, the European Central Bank cut its main interest rate to a record low of 0.75 percent Thursday, The Wall Street Journal reported.

The cut, of 0.25 percentage points, was the first by the central bank since December. It takes the rate down below the previous low of 1 percent, which was achieved following the 2008 collapse of Lehman Brothers.

 
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