On 2 May, the European Central Bank (ECB) cut rates for the first time in ten months by a quarter of a percentage point to a record low of 0.50%. The move was a reaction to a series of poor economic indicators, including a drop in eurozone inflation below its target level and rising unemployment.
ECB president Mario Draghi also promised to provide as much support as eurozone banks need into next year and to help smaller businesses access credit. Perhaps most controversially, he also hint...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date