ECB cuts eurozone interest rate to zero to jump-start economy
by Katie Allen from on (#16MPH)
European Central Bank also ramps up quantatitive easing programme in attempt to fend off deflation
The European Central Bank has surprised financial markets by cutting interest rates in the eurozone to zero, expanding its money printing programme and reducing a key deposit rate further into negative territory as it seeks to revive the economy and fend off deflation.
Related: ECB can only buy time, not solve eurozone growth woes
Related: How the ECB is trying to revive the eurozone
Monetary policy decisions https://t.co/eZRPXZcJCy
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