How much speed does the Iron Ball cut?

Question

Pokebase's page on the Iron Ball just says it cuts speed. How much speed does it cut?

Answer 1

When this item is held by a Pokémon, the holder's Speed is reduced by 50%. If the holder is of the Flying-type or it has the ability; Levitate, it becomes susceptible to Ground-type moves.

This means if a Pokemon's speed is 100 it'll be 50.

Source

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Comments

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Answer 2

50%

Basically, you will be at half your normal speed.
Source (scroll down to find the Iron Ball)

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Thanks!