THE EUROPEAN Central Bank (ECB) surprised financial markets by cutting its main interest rate by a smaller than expected 25 basis points yesterday to a new low of 1.25 per cent, triggering a sharp rise in the euro.
THE EUROPEAN Central Bank (ECB) surprised financial markets by cutting its main interest rate by a smaller than expected 25 basis points yesterday to a new low of 1.25 per cent, triggering a sharp rise in the euro.
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