Brussels, 05/07/2012 (Agence Europe) - On Thursday 5 July, the ECB unanimously decided to cut the eurozone interest rate to a new low on Wednesday 11 July in order to kickstart the economy. On 11 July, the marginal loan facility and deposit facility interest rates will fall by 0.25% each to 1.5% and 0.0% respectively, but the ECB did not mention any special lending or cheap loans for banks to boost the economy.
“Euro area annual HICP inflation was 2.4% in June 2012. On the basis of...