The euro shot up against all major currencies after the European Central Bank (ECB) cut deposit rates to -0.3% and extended its asset purchasing programme.
Speaking at a press conference following the central bank's policy meeting today, ECB president Mario Draghi (pictured) said it will cut the interest rate on overnight bank deposits from -0.2% to -...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
