ECB Cuts Key Rate

No Picture

ECB Cuts Key Rate to the Bone- Buckle Up!

THE CORNER TEAM | Put the champagne in the freezer. Against most expectations, the ECB lowered its main refinancing rate to 0.25 percent on Thursday in order to encourage the eurozone’s recovery. Mario Draghi took this measure responding to a slump in inflation that has sparked fears the economy could stall, years after financial crisis broke and years after most other central banks did the same thing.