Eurozone Rate Cut November 7, 2013 12:00 am In a move that surprised markets, the European Central Bank (ECB) cut Eurozone interest rates to 0.25% on the 7th November. The reduction, from 0.5%, comes against a backdrop of sluggish growth and low inflation. It is an attempt to stimulate the economies of the Eurozone whilst fending-off the threat of deflation. This move may see the Pound strengthen against the Euro which, generally speaking, is bad news for UK agriculture.
