Draghi has one last run at reviving euro economy
The ECB’s announcement of a new stimulus package is a remarkable turn of events, just nine months after it signalled it was finished with ever-looser policy
The European Central Bank has cut interest rates further below zero and will start open-ended bond purchases as its president Mario Draghi overcame critics of his stimulus policies to make a final run at reflating the eurozone economy.
The ECB reduced the deposit rate to minus 0.5 per cent from minus 0.4 per cent, while giving banks an exemption from the charge for some of their deposits afteran outcry from lenders about the squeeze on profitability.
