The European Central Bank has cut its main interest rate used to set consumer loans in the Eurozone to 0.15%.
ITV News Business Editor Richard Edgar is following developments.
ECB cuts main rate (used to base consumer loans) to 0.15%
Meanwhile Eurozone banks will now have to face negative interest rates, meaning they have to pay 0.1% to deposit their own money.
European Central Bank takes rates for banks in the eurozone below zero: they have to PAY 0.1% to deposit cash, a bold experiment
More top news
Pubs and attractions in Cromer shut early last night after police warned of an outbreak of 'low level disorder'
Iraqi forces have begun an operation to banish Islamic State from one of their last remaining strongholds in the country.
Andrew Warren and US professor Wyndham Lathem have been charged with murdering a 26-year-old man in Chicago.