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The European Central Bank (ECB) has cut interest rates for the sixth time in nine months as it seeks to bolster eurozone economic growth.
The bank stuck to its plan to lower rates in the face of economic challenges, including threats of US tariffs and plans to boost European military spending.
The ECB cut its main interest rate to 2.5% from 2.75%, and again reduced its forecasts for economic growth in the eurozone.
The latest cut came as a sell-off of German government bonds spread to other bond markets, including the UK.
The sell-off came after Germany’s move this week to increase military and infrastructure spending. – BBC
