The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.

The decision to cut rates by 25 basis points was widely expected by investors, and means the benchmark interest rate stands at 2.75 per cent.

The European Central Bank (ECB) cut its key interest rate on Thursday, meeting market expectations, as it seeks to boost an economy that continued ...

The South African Reserve Bank has cut the repo rate by yet another 25 basis points, bringing it down to 7.5%.