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ECB Cuts Key Rate by 25 Basis Points

Thursday, 2 May 2013 | 7:45 AM ET

Marchel Alexandrovich, Jeffries International senior European economist; John Ryding, RDQ Economics chief economist; and CNBC's Michelle Caruso-Cabrera and Steve Liesman, discuss the European Central Bank's decision to cut rates by 25 basis points to 0.50 percent.