ECB cuts base rate to 1.50% as Trichet warns further cuts could follow
Following the announcement of the BOE, the European Central Bank followed suit and reduced the base rate by 50 basis points (1.50%). As Inflation in the euro zone shows no sign of being an inmediate threat, Jean-Claude Trichet told reporters that economic growth would be less than in previous forecasts (up to a -3.2% contraction
Read the original:
ECB cuts base rate to 1.50% as Trichet warns further cuts could follow
