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European Central Bank decided to cut rates for the first time in three and a half years | NHK News

2019-09-12T11:56:06.774Z

The European Central Bank will hold a board meeting on the 12th to support the economy in the euro area, which has been sluggish due to the effects of trade friction between the United States and China.


European Central Bank decided to cut rates for the first time in three and a half years, September 12 20:51

The European Central Bank held a board meeting on the 12th and decided to lower interest rates to support the sluggish Eurozone economy due to the impact of trade friction between the United States and China.

Since March 2016, this has been an extraordinary policy to further reduce interest rates that have already been negative for the first time in three and a half years.

As the European Central Bank decided to cut rates following the United States, it seems likely that the interest rate competition will spread further due to the desire to curb price increases in its own currency so as not to be disadvantaged in exports.

Source: nhk

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