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ECB Still Has Further Tools

Published: November 13, 2013; 18:33 · (Vindobona)

In spite of the most recent cut of the key rate by the European Central Bank (ECB) there is still some leeway downward. However, measures will affect the exchange rate of the common currency.

ECB Still Has Further Tools / Picture: © Vindobona.org

The European Central Bank lowered the base rate by 0.25 percent to a new record low from 0.5 percent to 0.25 percent on Thursday last week. The extremely low inflation in the Eurozone (0.7 percent in October) was the reason for this measure, as announced by the ECB in Frankfurt.

In an interview with “Wall Street Journal” on Tuesday, ECB’s chief economist Peter Praet…

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ECB Still Has Further Tools

In spite of the most recent cut of the key rate by the European Central Bank (ECB) there is still some leeway downward. However, measures will affect the exchange rate of the common currency.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.