European Central Bank Cuts Rates to New Low
Posted on 11/07/2013
Fighting deflationary risk and a stronger Euro, the European Central Bank (ECB) chopped interest rates to a new record low. Eurozone inflation took a dive and the ECB board members emphasized they would prime banks with liquidity until 2015 to prevent a recovery stall in the economy. The main refinancing rate was lowered by 25 […]
