ECB policy makers cut its Deposit Rate further down to -0.4%

Global Economy

ECB

The European Central Bank (ECB) has cut is lending rate to zero on Thursday and pushed its deposit rate further into negative territory and significantly expanded the size and scope of its asset-buying program.

ECB’s policy makers cut the banks key lending rate to zero ans pushed the rate on its deposit facility to minus 0.4%. The cental bank also announced it would expand the size of monthly bond purchases to 80 billion euros per month.

Market Watch.com / AA edited News 2016.

Leave a Reply