The European Central Bank has cut its main interest rate for the first time in 10 months in an attempt to get the eurozone’s recession-mired economy growing again.
ECB president Mario Draghi said that should help the eurozone economy recover “later in the year”.
The cut by 0.25 percent to 0.5 percent came even though some ECB policymakers believe it will make little difference to the main problem, which is banks not lending to businesses.
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