Euro jumps after eurozone rate cut

The euro jumped against other leading currencies, 2 April 2009, after the European Central Bank cut its key lending rate by less than expected. The ECB cut its official interest rates from 1.5% to 1.25% as it steped up its efforts to combat Europe’s recession, but it stopped short of entering zero interest rate territory.

Spiegel Online International, 3.4.09: The ECB's 'Cute but Cowardly' Rate Decision http://www.spiegel.de/international/europe/0,1518,617245,00.html

EurActiv, 3.4.09: ECB interest rate cut smaller than expected http://www.euractiv.com/euro-finance/ecb-interest-rate-cut-smaller-ex-news-221714

ECB: Press Release, 2.4.09: Monetary policy decisions http://www.ecb.int/press/pr/date/2009/html/pr090402.en.html

ECB: Press Release, 2.4.09: Jean Claude Trichet: Introductory statement http://www.ecb.int/press/pressconf/2009/html/is090402.en.html

BBC News, 2.4.09: ECB reduces rates to record low http://news.bbc.co.uk/1/hi/business/7978431.stm

Deutsche Welle, 2.4.09: ECB cuts key lending rate to 1.25 percent http://www.dw-world.de/dw/article/0,,4146147,00.html

France24, 2.4.09: ECB cuts main interest rate to all-time low of 1.25% http://www.france24.com/en/20090402-ecb-cuts-main-interest-rate-all-time-low-125-financial-crisis

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