The European Central Bank has today announced it will cut interest rates in an attempt to boost growth in the eurozone.

It is cutting its deposit rate to a new all-time low of minus 0.5 percent. It was previously -0.4 percent.

It left its its benchmark interest rate at 0 percent.

The ECB is also restarting its quantitative easing programme, and will start buying EUR 20 billion of bonds each month from the start of November.

The FCA is urging UK firms to prepare for a disruptive exit from the EU at the end of October, saying compani...