European Central Bank (ECB) makes history, taking interest rates - TopicsExpress

European Central Bank (ECB) makes history, taking interest rates to a fresh record low...and making it the first major central bank to venture into negative territory - WAKE UP WORLD! Cutting one of its benchmark rates below zero in a radical move which policy makers hope will help the currency bloc stave off the threat of deflation. Neither the Federal Reserve, the Bank of Japan nor the Bank of England, have tried the measure, which the ECB hopes will lift inflation by weakening the euro and spurring lending in the blocs more troubled periphery.

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