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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