The ECB lowers its benchmark rate 25 basis points to 1%. It's the 2nd consecutive cut for the...

|By:, SA News Editor

The ECB lowers its benchmark rate 25 basis points to 1%. It's the 2nd consecutive cut for the bank, now bringing the lending rate back to its level from earlier this year. President Mario Draghi's press conference is scheduled for 8:30 ET. (PR)