The ECB Cut Interest Rates, Here Is Why They Should Have Raised Them – OpEd
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...
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.
The European Central Bank lowered interest rates Thursday, and for investors particularly exposed to the eurozone, there are five specific stocks that will be very sensitive to economic changes in the..