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...
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