2014年06月07日

ECB announcement saw it

The ECB announcement saw it cut the deposit rate for banks to zero from -0.1% and reduce the benchmark interest rate to 0.15% from 0.25%.Triple accredited MBA

In addition to the interest rate cuts, the ECB will offer a package of cheap long-term loans to banks which are worth up to 400bn euros endocare ampoules.

ECB President Mario Draghi also signalled there may be more easing measures to come.

"Are we finished? The answer is no," he said in response to a question about the potential for more stimulus.

CMC Markets analyst Max Ho called the ECB's moves "well-telegraphed".

"We witnessed history in the making," he said. "While this move to cut deposit rates to a negative is considered to be bold and unprecedented, some observers are not convinced that it will have a significant impact on existing bank lending."external sound card




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