The ECB announced three rate cuts, including lowering the main - TopicsExpress



          

The ECB announced three rate cuts, including lowering the main refinancing rate to 0.05% from 0.15%, lowering the marginal lending facility rate to 0.3% from 0.4%, and lowering the deposit facility rate to -0.2% from -0.1% They are trying to solve everything with just monetary policy but fiscal policy is needed at this point. The whole austerity thing is still not working and I dont see how it can work.
Posted on: Thu, 04 Sep 2014 13:40:30 +0000

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