By Tom Fairless
The European Central Bank lowered interest rates by a quarter point, aiming to stabilize an economy rocked by debt worries in France and highly exposed to the trade tariffs threatened by President-elect Donald Trump.
The ECB reduced its key interest rate by a quarter point, to 3% from 3.25%, widening a gap in benchmark borrowing costs with the Federal Reserve. It was the third cut in as many meetings. Some investors had called for a larger half-point rate cut.
Write to Tom Fairless at tom.fairless@wsj.com
(END) Dow Jones Newswires
12-12-24 0833ET
