ECB cuts rates to new low of 0.25%, euro sinks

“The European Central Bank (ECB) cuts its main interest rate to 0.25 percent from 0.50 percent on Thursday, sending the euro sharply lower. The announcement – unexpected by many – was followed by a press conference with ECB President Mario Draghi, who insisted the rate cut was in line with previous forward guidance.”

http://www.cnbc.com/id/101175303

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