The European Central Bank lowered borrowing costs by a quarter-point to 2.75%, citing a stalling economy and confidence that the 2% inflation target will be met. It’s the fifth rate cut since June. Bloomberg’s Lizzy Burden reports from Frankfurt.
Watch Lagarde’s press conference LIVE at 2:45 p.m. in Frankfurt: https://www.youtube.com/watch?v=qPN8iA7tRCw
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