NEW YORK - The European Central Bank announced its Governing Council cut interest rates 25 basis points at its latest monetary policy meeting Thursday.

The minimum bid rate on variable-rate refinancing operations was dropped to 0.75% from 1.00%, the marginal lending rate was cut to 1.50% from 1.75% and the deposit rate, the floor for euro money market rates, was slashed to zero from 0.25%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.