European Central Bank Cuts Interest Rates Again as Inflation Cools
The European Central Bank on Thursday delivered a quarter-point interest rate cut, marking its second reduction to the deposit rate this year.The widely anticipated move comes after a period of sluggish economic growth across the euro zone and cooling inflation, which fell back toward the central bank's 2% target in August.The rate decision will be followed by a press conference at 1:45 p.m. London time.For many market participants, the big question was not whether the ECB would cut rates in Sep