ECB cuts interest rates to record low

Yarker, Jon
June 2014
Fundweb;6/5/2014, p5
Trade Publication
The article reports that the interest rate on deposit facility decline by the European Central Bank (ECB) to -0.10 percent and lowered the benchmark interest rate to 0.15 per cent. Capital Economics Ltd. senior European economist Jennifer McKeown states that the ECB's decision to cut both the main refinancing and deposit rates comes as no surprise.


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