Monday February 17, 2020

ECB's Draghi's statement in full

The following is the text of a speech delivered by Mario Draghi explaining why the ECB cut interest rates to a record low of 0.75 per cent.

5th July, 2012
Statement on rates

The following is the text of a speech delivered by ECB President Mario Draghi today after the ECB cut interest rates to a record low of 0.75 per cent.

We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Vice-President, Mr Rehn.

Based on our regular economic and monetary analyses, we decided to cut the key ECB interest rates by 25 basis points....

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