'Bold' ECB cuts rates as low inflation settles in


The European Central Bank (ECB) today surprised markets by responding to lower-than-expected inflation figures with a cut in its main refinancing rate, from 0.50% to 0.25%, with president Mario Draghi telling reporters the governing council agreed on the need to act, although not on the timing of the move.

The latest eurozone inflation figures for the year to October showed consumer prices growing by just 0.7%, compared with 1.1% in the year to September 2013. At last month's press conference

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

If you already have an account, please sign in here.

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