Monday January 27, 2020

ECB: Super Mario fires his bazooka once again

Draghi ups ante in the battle to fight deflation, writes Ian Guider

Ian Guider

Markets Editor

@ianguider
11th March, 2016
Guider's take Pic: Getty

Bond markets and the euro were on fire in the moments after the ECB fired its bazooka. Not only was the ECB’s monthly quantitative easing plan ramped up from €60 billion to €80 billion, its scope was expanded and it will now add corporate bonds to the growing list of debt it can purchase.

But the bank surprised everyone with a cut in its main interest rate to zero. On top of that...

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