News Alert: European Central Bank moves to boost economic growth by cutting interest rates to 1.25 percent

	Thursday, November 3, 2011 9:12:42 AM ECONOMY/BUSINESS NEWS ALERT European Central Bank moves to boost economic growth by cutting interest rates to 1.25 percent The European Central Bank has cut interest rates by a quarter percentage point under new head Mario Draghi to boost weakening growth in a eurozone struggling with a crisis over too much government debt. The move, which comes earlier than expected by many economists, takes the bank's benchmark rate to 1.25 percent. Now markets are waiting for Draghi's first news conference to see if he indicates the bank is willing to intervene more forcefully in bond markets to keep Greece's troubles from spreading to Spain and Italy. Read more at: http://www.washingtonpost.com/business/economy/markets-wait-to-hear-how-far-draghi-will-go-to-rescue-indebted-governments-as-new-ecb-chief/2011/11/03/gIQAWUM8hM_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy