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Skip to content Skip to site index Business  Todayâ s Paper Business Diverging From the Fed , E.C.B . Cuts Interest Rates as Growth Stagnates Skip to content https : www.nytimes.com 2025 01 30 business europe-central-bank-interest-rates-economy.html Advertisement SKIP ADVERTISEMENT You have a preview view of this article while we are checking your access . When we have confirmed access , the full article content will . load Supported by SKIP ADVERTISEMENT Diverging From the Fed , E.C.B . Cuts Interest Rates as Growth Stagnates The European Central Bankâ s reduction , the fifth consecutive cut since last summer , came a day after the U.S . Federal Reserve held interest . rates Listen to this article  4:09 min Learn more Share full article Christine Lagarde , the president of the