ECB deploys the big guns to battle deflation
Interest rates – how low can you go?
With the European economy in a period of dangerously low inflation, now running at just 0.5 per cent, the ECB was pushed into action last week and took a range of unprecedented measures. Here are the key things it did, and what they might mean.
The 0.1 point reduction in interest rates was small, but with its key reference rate falling to just 0.15 per cent, the ECB only has so much room for manoeuvre.
The lower borrowing...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published