European Central Bank cuts interest rate to 3.75%

Getty ImagesThe EU has become the second major global economy to cut its lending rate this week.The European Central Bank (ECB) announced a cut in its main interest rate from an all-time high of 4% to 3.75%.That follows Canada's decision on Wednesday to cut its official lending rate.The ECB's move comes as voters head to the polls for EU-wide elections over the next four days, with the outcome expected to reflect…