The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy. European Central Bank, Interest Rates, Inflation (Economics), Banking and Financial Institutions, Eurozone, Regulation and Deregulation of Industry, Economic Conditions and Trends, Europe The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy. NYT > Business
European Central Bank Cuts Rates for Second Time in Three Months
