ECB deploys the big guns to battle deflation

Interest rates – how low can you go?

8th June, 2014

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...

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