Dec 3, 2015
ECB meeting: ECB slashes deposit rate, extends QE to help raise inflation
European Central Bank chief Mario Draghi admitted persistent low inflation rate reflects sizeable economic slack. The declining core inflation in the bloc called for further easing measures and Draghi had hinted that that more monetary easing was in the pipeline. In the last one week leading to today’s meeting, markets had speculated on the different easing tools that the central bank would choose to inject more funds into the system.
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