Maryam Moshiri
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ECB cuts interest rates to 1%

The European Central Bank has cut interest rates back to their historic low of 1%, as expected by markets.

The decision comes just ahead of a "do-or-die" Brussels summit of EU heads to hammer out a plan to save the euro.

The BBC's Maryam Moshiri some analysts think the ECB should have gone even further to help rescue to eurozone.

  • 08 Dec 2011
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