-
ECB Unexpectedly Cuts Interest Rates as Outlook Darkens
The European Central Bank unexpectedly cut interest rates at today’s decision to spur economic growth and stave off the threat of deflation. The ECB’s 24-member Governing Council meeting in Frankfurt reduced all three of its main interest rates by 10 basis points. The benchmark rate is now 0.05 percent and the deposit rate is now minus 0.2 percent. A reduction in the benchmark rate was predicted by just 6 of 57 economists in a Bloomberg News survey. Draghi will speak to reporters at 2:30 p.m. in Frankfurt to explain the decision. The rate cuts come three months after an historic package of stimulus measures and ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 4, 2014 8:29am Sep 4, 2014 8:29am
- Guest
- | IP XX.XX.143.207
- Comment #2
- Quote
- Sep 4, 2014 10:31am Sep 4, 2014 10:31am
- Guest
- | IP XX.XXX.7.44
- Comment #3
- Quote
- Sep 4, 2014 9:12pm Sep 4, 2014 9:12pm
- champoooy
- | Joined Oct 2013 | Status: Pesistent | 79 Comments
- Comment #4
- Quote
- Sep 4, 2014 10:48pm Sep 4, 2014 10:48pm
- ZebraSquirl
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 299 Comments
Fireworks are fun ... as long as you don't blow your fingers off.
- Comment #5
- Quote
- Sep 4, 2014 11:48pm Sep 4, 2014 11:48pm
- mrlfx
- | Membership Revoked | Joined Jul 2012 | 416 Comments
- Comment #6
- Quote
- Sep 5, 2014 12:27am Sep 5, 2014 12:27am
- ZebraSquirl
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 299 Comments
Fireworks are fun ... as long as you don't blow your fingers off.