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Europe Central Bank jumps ahead of the Fed in lowering rates

By Inquirer - 6 months ago
FRANKFURT, Germany — The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers, and investors. The ECB cut its benchmark rate to 3.75 percent

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