Forexpros – The European Central Bank cut its benchmark interest rate for the second consecutive month in December, in a bid to bolster faltering growth in the region, it announced on Thursday.
The ECB said it cut the benchmark interest rate to a record-low 1.0% from 1.25%, in line with market expectations.
ECB president Mario Draghi, who chaired his second interest rate meeting as ECB chief, was to comment on the decision at a press conference later in the day.
Following the announcement, the euro held on to modest losses against the U.S. dollar, with EUR/USD slipping 0.13% to trade at 1.3394.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 shed 0.15%, Germany’s DAX added 0.2%, while the FTSE 100 gained 0.35%.
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