Europe Central Bank jumps ahead of U.S. in lowering rates, future cuts may be limited

The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors.
Source: ctv business
Europe Central Bank jumps ahead of U.S. in lowering rates, future cuts may be limited