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
Choir wins public vote, while judges pick dancers ahead of 12-year-old singer-songwriter Henry Gallagher.
The hunt for murder suspect Jed Allen has ended after police found his body two days after discovering his mother, stepdad and sister dead.
A woman who had been searching for her mother for more than 10 years has been reunited with her after posting an appeal on social media.