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The ECB Cut Interest Rates, Here Is Why They Should Have Raised Them – OpEd

Eurasia Review Friday, 13 September 2019
By Daniel Lacalle*

On Thursday, the European Central Bank (ECB) announced a new stimulus plan including:

· Cut one of its key interest rates, the one charged on bank deposits at the ECB, to -0.5% to encourage lending
· Left its headline borrowing rate at zero, but pledged to leave them alone indefinitely, until inflation...
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Video credit: Reuters Studio - Published
News video: ECB promises stimulus buys

ECB promises stimulus buys "as long as necessary" 01:39

The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday, an effort to prop up the ailing euro zone economy. David Pollard reports.

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