ECB cuts rates to record low and negative for overnight deposits; Euro/dollar slumps below 1.3

Friday, September 5th 2014 - 02:17 UTC

Full article 2 comments

The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels (deflation) and support the stagnating euro zone economy. The ECB cut its main refinancing rate to 0.05% from 0.15%. Read full article

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Briton
The only and last thing they can do is give the money away,
desperation has come and gone,

they are still in recession, no hope , no choice , no ideas,
please help-and replies to the EU ...
Sep 05th, 2014 - 09:09 am - Link - Report abuse 0
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Britworker
Not sure which is going to come first, Eurozone collapse or UK exit, Merkel has finally realised that that French are not economically compatible with Germany and her only partnership hope is the UK who are running for the door.
Sep 06th, 2014 - 11:19 pm - Link - Report abuse 0
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