ECB's daring move draws hopes of QE

Stephanie Baxter
clock •

The European Central Bank (ECB) has made a bold move to tackle low inflation and weak growth in the Eurozone by further cutting interest rates and introducing new stimulus plans.

President Mario Draghi revealed on 4 September (PP Online 5 September) that the central bank had cut its main refinancing rate from 0.15% to 0.05% and its deposit rate from -0.1% to -0.2%. He al...

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