Rates have hit lower bound, say ECB minutes

Mario Draghi
Mario Draghi

Interest rates have hit a lower bound in the eurozone, the minutes of the European Central Bank's (ECB) latest monetary policy meeting said today.

Dubbed the "account" of the meeting by the ECB, but analogous to the minutes released by other central banks, this is only the second time the central bank has published such a document. The ECB first yielded to pressure to publish minutes in February, detailing the meeting that saw it launch quantitative easing (QE).

"Caution was expressed in view of

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