Central bank 'bazookas' are getting weaker
REUTERS/Kiyoshi Ota
Following a much-awaited ECB meeting yesterday, President Mario Draghi and his colleagues appeared to more than meet market expectations for further easing.
They lowered all three key basic interest rates, and reduced the deposit rate from -0.3% to –0.4%. The increase in monthly bond purchases from the previous €60 billion to €80 billion beat expectations, and the ECB decided to include investment grade corporate bonds in its purchases.
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