ECB cuts rates to all-time low in surprise move

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
ECB cuts rates to all-time low in surprise move

FRANKFURT — The European Central Bank (ECB) cut its key interest rates to record lows in a surprise move yesterday, driving regional stocks to five-year highs as it responded to a slump in the eurozone’s inflation that had sparked fears that the regional recovery could stall.

The ECB cut its main refinancing rate by 25 basis points to a new low of 0.25 per cent. It cut its marginal lending facility — or emergency borrowing rate — to 0.75 per cent from 1 per cent and held the rate it pays on bank deposits at 0 per cent.
...
http://www.todayonline.com/business/ecb-...prise-move
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)