European Central Bank joins global push to help economy

European Central Bank joins global push to help economy

FRANKFURT, Germany (AP) — The European Central Bank took unexpectedly quick action on Thursday to support a slowing economy, joining the U.S Federal Reserve and Chinese leadership in their attempts to counter worries about global growth.

The central bank for the 19 countries that use the euro pushed back the earliest date for an increase in interest rates from current record lows. It said rates would stay unchanged at least until year-end — previously, it had said until the fall.

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