ECB cuts interest rates for first time in five years to 3.75%
Interest rates across the eurozone have been lowered from record highs of 4% to 3.75%. (Xinhua, Xinhua) The European Central Bank (ECB) has cut interest rates, by a quarter-point, for the first time in five years at its governing council meeting in Frankfurt. It also raised its forecasts for inflation this year and in 2025….