Article 16P9S ECB cuts interest rates to zero amid fears of fresh economic crash

ECB cuts interest rates to zero amid fears of fresh economic crash

by
Katie Allen and Jill Treanor
from on (#16P9S)

New ultra-cheap loans to banks among unprecedented package of measures as Mario Draghi seeks to jump-start economy

The European Central Bank has cut interest rates across the eurozone to zero as it unveiled an unprecedented package of growth-boosting measures against the backdrop of a fragile global economy.

Related: ECB stimulus hint steadies markets

Related: How the ECB is trying to revive the eurozone

Related: ECB can only buy time, not solve eurozone growth woes

Related: Kipper Williams on ECB cutting eurozone interest rate to zero

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