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ECB cuts key rate quarter point to record low 0.75%
Nina Kolyako, BC, Riga, 06.07.2012.Print version
On July 5, the European Central Bank cut its key interest rates to all-time lows in a bid to keep up the positive momentum after EU leaders made some progress in solving the debt crisis at a summit last week.
The ECB's policy-setting governing council voted to lower the rate for its main refinancing operations by a quarter of a percentage point to 0.75% at its regular monthly meeting, writes LETA/AFP.