Markets unimpressed by Draghi's growth boost bid

ECB cuts rate to historic low and extends quantitative easing

4th December, 2015
Mario Draghi. Pic: Bloomberg

ECB president Mario Draghi is to extend monetary easing in a bid to kickstart the flagging eurozone economy.

The plan should boost to Ireland’s recovery, but financial markets were lukewarm and equities and bonds slid yesterday.

The latest initiative comes 11 months after the ECB decided, six years later than the US Federal Reserve and the Bank of England, to undertake quantitative easing.

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