Thursday, November 3, 2011

Europe today - Draghi marks ECB reign with rate cut from 1.5% to 1.25%

From: Euronews  | Nov 3, 2011
http://www.euronews.net/ Well, they say a new broom sweeps clean. In his first meeting as boss of the ECB Mario Draghi has surprised nearly everyone by cutting base interest rates by a quarter-percent to one and a quarter percent.

The 23-member rate-setting council had been predicted to leave rates unchanged. Markets ticked higher on the news

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