The European Central Bank cut interest rates on Thursday for the third time in about four months, as inflation in the eurozone has cooled faster than expected and economic growth has been sluggish. Policymakers who set interest rates for the 20 countries that use the euro lowered their key rate by a quarter point,

Eurozone inflation fell further below the European Central Bank’s target than first thought in September, cementing expectations that bank policymakers will lower interest rates at Thursday’s meeting.