Kedai Trader: BREAKING : ECB cuts key interest rates by 0.1 percent point | Rekomendasi Emas | Rekomendasi Saham | Rekomendasi Forex | Rekomendasi CFD | Analisa Emas | Analisa Saham | Analisa Forex | Analisa CFD
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Thursday, September 4, 2014

BREAKING : ECB cuts key interest rates by 0.1 percent point

Policy makers at the central bank cut three key interest rates by 0.1% percentage point each. The refinancing rate was lowered to 0.05%, the marginal lending rate to 0.3% and the rate on the deposit facility to negative 0.2%. In addition, ECB President Mario Draghi announced plans to begin purchasing a broad portfolio of euro-denominated covered bonds as well as asset-backed securities.

The ECB also cut its 2014 inflation forecast to 0.6% from a previous estimate of 0.7%.

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