ECB cuts rates by 0.25 of a point
As expected, the European Central Bank cut its key interest rates again, with its main deposit rate going from 3.25% to 3%. This is the fourth cut this year and the bank hinted that it may continue easing monetary policy in coming months. Inflation is falling in the eurozone but economic growth remains feeble and is set to be boosted by cheaper credit. The price of mortgages in Slovakia may also fall.
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