European Central Bank pulls out all the stops
Boom! The European Central Bank
has fired its big bazooka once again in a bid to get the economy moving again.
The ECB on Thursday cut all three of its main interest rates to new record lows -- taking the deposit rate even deeper into negative territory -- and said it would print more money as it tries to head off deflation in the eurozone.
Economists were expecting a rate cut and more asset purchases. But the ECB went further: It said it will start buying debt issued by companies as well as governments.
http://money.cnn.com/2016/03/10/investing/...ulus/index.htmlThe European Central Bank
came out with all guns blazing Thursday to jump start the stalled eurozone economy, slashing already record-low interest rates, pumping massive new sums into the banking system and, for the first time, buying corporate bonds.
The unprecedented scale of the ECB's action took financial markets by surprise, sparking a dramatic rise in eurozone stock markets and sending the euro lower against the dollar.
http://www.bangkokpost.com/business/news/8...chase-programme

I just liked the headings...sound like a script from RAMBO movie
This post has been edited by T231H: Mar 10 2016, 10:49 PM