Nothing is Perfect... Every Body is Right...
-
ECB Cuts Its Deposit Rate to Minus 0.3% as Boost to QE Awaited
The European Central Bank cut its deposit rate, pushing the floor for borrowing costs deeper below zero as officials seek to prevent too-low inflation from becoming entrenched. The 25-member Governing Council, meeting in Frankfurt on Thursday, reduced the rate by 10 basis points to minus 0.3 percent. That’s in line with the move forecast by economists in a Bloomberg survey. Policy makers left the main refinancing rate and the marginal lending rate unchanged. President Mario Draghi will host a press conference at 2:30 p.m. local time to explain the decision. The ECB said he will announce further measures then. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 3, 2015 8:58am Dec 3, 2015 8:58am
- genierex
- Joined Feb 2015 | Status: Be very Realistic during trading | 60 Comments
- Comment #2
- Quote
- Dec 3, 2015 9:02am Dec 3, 2015 9:02am
- genierex
- Joined Feb 2015 | Status: Be very Realistic during trading | 60 Comments
Nothing is Perfect... Every Body is Right...
- Comment #3
- Quote
- Dec 3, 2015 7:12pm Dec 3, 2015 7:12pm
- hesron
- Joined Dec 2012 | Status: Member | 1917 Comments
Follow price direction
- Comment #4
- Quote
- Dec 4, 2015 4:46am Dec 4, 2015 4:46am
- genierex
- Joined Feb 2015 | Status: Be very Realistic during trading | 60 Comments
Nothing is Perfect... Every Body is Right...