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European Central Bank likely to cut rates while weighing US trade concerns and France’s chaos

By Ilene
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AP

ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies

By  DAVID McHUGH, AP 

The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs after Donald Trump takes office as president.

The bank’s rate-setting committee made the decision Thursday at its skyscraper headquarters in Frankfurt to lower the benchmark from 3.25% to 3%.

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