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
An ejector seat manufacturer is to be prosecuted over the death of Red Arrows pilot Sean Cunningham at RAF Scampton in November 2011.
Police said the "active shooter" had since been shot by officers and they were not seeking any other suspects.
Rain will continue spreading in from the southwest, remaining heavy, especially in western areas.