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ECB introduces Quantitative Easing from Nov 1 at 20 bn Euro/month

The ECB cut its deposit rate to a record low -0.5% from -0.4%

European Central Bank

Reuters  |  Frankfurt 

The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. The ECB cut its deposit rate to a record low -0.5% from -0.4% and will restart bond purchases of 20 billion euros a month from November, it said in a statement. With inflation falling, Germany skirting a recession and a global trade war sapping domestic confidence, the ECB had all but promised more support to the economy and the only question ...

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First Published: Thu, September 12 2019. 17:30 IST