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ECB cuts key interest rate to 0.05%

04.09.14 @ 14:00

  1. By EUOBSERVER

The European Central Bank Thursday cut the main interest rate to 0.05% from 0.15% and the deposit rate to -0.2% from -0.1%. The surprise move sent the euro tumbling. ECB president Mario Draghi is set to give details on the decision at a press conference later on Thursday.