The European Central Bank has cut interest rates to a historic low and unveiled a raft of bond-buying programmes to stimulate lending, in a move that surprised financial markets and analysts.
The Frankfurt-based bank cut the eurozone's basic interest rate by 0.1 percent to 0.05 percent on Thursday (4 September) and its other interest rates by 0.1 percent across the board.
It will also launch an asset purchase programme to buy debt products from banks starting after the next meeti...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.