European Central Bank Runs Out of Ammo to Stop Eurozone Recession

European Central Bank Runs Out of Ammo to Stop Eurozone Recession


“Whatever it takes.”  That’s the mantra of Mario Draghi and the European Central Bank (ECB) as they slashed interest rates yet further into negative territory on Thursday. The ECB cut the base rate to -0.5% and unleashed another aggressive bond-buying program (€20 billion) in a bid to stimulate the eurozone economy.  But as the eurozone […]

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Posted by Ben Brown on September 12, 2019 @ https://www.ccn.com/ecb-eurozone-recession/

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