European Central Bank unveils new stimulus package

European Central Bank unveils new stimulus package

In a new blast of monetary stimulus, the ECB cut the rate on deposits it takes from banks to minus 0.5 per cent from minus 0.4 per cent. The move is aimed at pushing banks to lend excess cash. It also said it would restart its bond-buying stimulus program, which would pumps money into the financial system. It will buy 20 billion euros ($22 billion) a month in government and corporate bonds.

Hannibal 5 months

It's a quick fix for a structural issue. Stop taxing the hell out of everything that breathes and taking 50 Shades of Gray as your model for business regulations. As backwards as it is, California is a capitalist paradise compared to France or Italy.

I Am Grug
I Am Grug 5 months


H.R. Pufnstuf
H.R. Pufnstuf 5 months

Yah. Dont be a central bank.

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