The ECB has cut its base lending rate to 0.25%. The euro slid, markets rallied, and credit became even cheaper. The cut will likely benefit struggling eurozone countries. But it could also ward off eurozone deflation.
The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries.
The idea that the European Central Bank would become so big and powerful was something that its founders did not expect 20 years ago. In fact it has become more powerful the more the monetary union has been threatened.
The European Central Bank chief says after a period of higher than expected growth, "some moderation" should be expected. Mario Draghi spoke after ECB policymakers kept eurozone interest rates on hold.
"Do you accept cards?" If you’re asking in Germany, there’s a good chance that the answer is no. The country has a curiously low cashless rate. Can the European economic powerhouse’s aversion to plastic payment continue?
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