Another rate cut dependent on economy weakening further
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The European Central Bank cut interest rates Thursday, putting the body further ahead of its U.S. counterpart in moving toward a less restrictive monetary policy—likely to the chagrin of President Donald Trump.
The European Central Bank on Thursday cut its main interest rate again, citing falling inflation.
London (UKX) +0.01% to 8,802, staying flat for the fourth straight day as mixed corporate news weigh investor sentiment. Germany (DAX:IND) +0.12% to 24,315, surpassing 24,300 to hit a new milestone and extend its winning streak to three consecutive days.