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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

European Central Bank cuts interest rates after eurozone growth stalls

Euro eurozone Interest Rates Economy Carsten Brzeski ECB
Sunrise at the Eiffel Tower in Paris along the Seine
The Eiffel Tower in Paris. France and Germany have suffered slowdowns in economic growth.
 Photograph: Joakim Leroy/Getty Images

The European Central Bank has cut interest rates to ease the cost of borrowing across the 20-member eurozone as growth stagnates in the region.

The central bank cut rates by a quarter of a point to 2.75%, in line with expectations, after a run of bad news showing the bloc’s largest nations – France and Germany – suffering a slowdown in economic growth.

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