European Central Bank cuts key rate to all-time low

The European Central Bank's governing council is meeting today to discuss stimulating the economies of the 17 countries in the Euro.
The European Central Bank's governing council is meeting today to discuss stimulating the economies of the 17 countries in the Euro. Credit: Arne Dedert/DPA/Press Association Images

The European Central Bank has cut its key interest rate by quarter point to a new all-time low of 0.5 per cent.

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