ECB Rate Decision: Policy Makers Cut Again as Inflation Recedes

The European Central Bank lowered interest rates for the second time this year with inflation receding toward 2% and concerns about the economy building. The key deposit rate was cut by 25 basis points to 3.5% on Thursday — as all analysts polled by Bloomberg predicted. The ECB reiterated that it can’t commit to a specific path for borrowing costs. Bloomberg’s Lizzy Burden reports from Frankfurt.

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