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ECB cuts rates, expands asset-buying programme to boost economy

Saheli March 10, 2016 Business Comments Off on ECB cuts rates, expands asset-buying programme to boost economy

The European Central Bank cut interest rates on Thursday to boost the euro zone economy, surprising financial markets by dropping its main refinancing rate to zero from 0.05 per cent.

FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched.

In moves that initially pushed the euro 1 per cent down against the dollar before recovering, the ECB cut its deposit rate deeper into negative territory and increased monthly asset buys to 80 billion euros from 60 billion euros, above mar .. FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched.

In moves that initially pushed the euro 1 per cent down against the dollar before recovering, the ECB cut its deposit rate deeper into negative territory and increased monthly asset buys to 80 billion euros from 60 billion euros, above mar ..

FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched.

In moves that initially pushed the euro 1 per cent down against the dollar before recovering, the ECB cut its deposit rate deeper into negative territory and increased monthly asset buys to 80 billion euros from 60 billion euros, above mar ..

[Source:- The Economic Times]

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