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Wednesday, November 2, 2011

Europe's central bank unexpectedly cut interest rates by 25 basis points

Europe's central bank unexpectedly cut interest rates by 25 basis points 3 European Central Bank announced that it will lead euro zone interest rates by 25 basis points to 1.25%. This is the European Central Bank Governor Mario Draghi at the new office for the first time after the monetary policy decision-making. The rate cut means that the ECB has decided to start in April this year to reverse the interest rate trend. ECB rate cut decision beyond ...Europe's central bank unexpectedly cut interest rates by 25 basis points

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