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Image header Agence Europe
Europe Daily Bulletin No. 10839
ECONOMY - FINANCE - BUSINESS / (ae) ecb

Interest rates cut to new low

Brussels, 02/05/2013 (Agence Europe) - Faced with the gloomy economic outlook for the eurozone, the European Central Bank (ECB) announced on Thursday 2 May that it has reduced the euro interest rate by 0.25% to the record low of 0.5%.

The president of the ECB, Mario Draghi, said there had been “strong consensus” on the interest rate cut in the ECB Governing Council. At the monthly press conference, this time in Bratislava, Draghi said the ECB would continue with its accommodating policy...

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