Eurozone gets fresh help to bolster flagging growth - BBC News
The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%.
The ECB also said it was re-starting quantitative easing. It will buy €20bn of debt a month from 1 November.
Happy money printing day!
The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%.
The ECB also said it was re-starting quantitative easing. It will buy €20bn of debt a month from 1 November.
Happy money printing day!
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