The European Central Bank left its benchmark rate unchanged at 0.5 percent on Thursday. Not only did ECB head Mario Draghi rule out rate increases, he hinted at a possible future cut if needed.
The European Central Bank has announced a cut in its bond-buying economic stimulus program, taking its biggest step yet towards unwinding years of loose monetary policy introduced in the wake of the financial crisis.
There's every indication that the ECB will announce a reduction in the scale of its monthly purchases of government bonds when it meets this Thursday. In truth, it has little choice in the matter.
The EU's central bank has decided to curb its monthly bond purchases by half. But DW's Henrik Böhme deplores that an end to what he believes is a risky zero-interest policy is not yet in sight.
Germany's blue-chip index continues to go from strength to strength, hitting a new all-time high within an hour after trading started on Wednesday. Is the DAX headed for a hard landing? Analysts say not yet.
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