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12 September 201914.50 Other economic stimuli decided in the penultimate ECB Governing Council under the Draghi presidency A new Quantitative easing (QE) program has been launched, which provides for the purchase of bonds for 20 billion euros per month and will start from November 1st. Purchases "will last all the time necessary to reinforce the accommodative impact of rates". The ECB cuts deposit rates by 10 basis points to bring them to -0.50. The refinancing rate was unchanged at 0% and the marginal rate at 0.25%.ECB: new Qe and cut rates deposits
2019-09-12T13:11:18.376Z
14.50 Other economic stimuli decided in the penultimate ECB Governing Council under the Draghi presidency. A new Quantitative easing (QE) program has been launched, which provides for the purchase of bonds for 20 billion euros per month and will start from November 1st. Purchases "will last all the time necessary to reinforce the accommodative impact of rates". The ECB cuts deposit rates by 10 basis points to bring them to -0.50. The refinancing rate was unchanged at 0% and the marginal rate at 0.25%.
Source: rainews