Draghi announces rate cut amid fears of mild recession


The European Central Bank's (ECB) Governing Council voted to reduce its benchmark interest rate by 25 basis points to 1.25% on Thursday, amid growing fears the eurozone economy will fall into recession.

Leading his first Governing Council press conference, Mario Draghi, the president of the European Central Bank, said the economic outlook in the eurozone continued to be subject to "particularly high uncertainty" and "intensified downside risks", adding that the ongoing tensions in financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account