Fear of Deflation: ECB Rate Drop Shows Draghi's Resolve
SPIEGEL ONLINE - International - Euro Crisis 2013-12-20
Summary:
Amid worringly low inflation, the European Central Bank has made the surprise decision to drop its key interest rate to the lowest level ever. Economists say it shows a strong will for action by the ECB's president, but they doubt the move will have a real impact.
Link:
http://www.spiegel.de/international/europe/ecb-surprises-economists-by-dropping-key-interest-rate-to-historic-low-a-932511.html#ref=rssFrom feeds:
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