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Montevideo, March 28th 2024 - 23:33 UTC

Tag: Howard Archer

  • Friday, June 6th 2014 - 08:38 UTC

    Europe appeals to negative interest rates to stimulate the economy and inflation

    “Are we finished? The answer is no. We aren't finished here. If need be, within our mandate, we aren't finished here” said Dragui

    The European Central Bank has introduced a raft of measures aimed at stimulating the Euro zone economy, including negative interest rates and cheap long-term loans to banks. It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money. The ECB also cut its benchmark interest rate to 0.15% from 0.25%.