Thursday, September 4, 2014

European Central Bank to Start Asset Purchases After Further Rate Cut - NYTimes.com

European Central Bank to Start Asset Purchases After Further Rate Cut - NYTimes.com:



"FRANKFURT — The European Central Bank surprised many analysts on Thursday by cutting interest rates from their already record-low levels and said it would soon begin buying packages of bank loans, in its continuing efforts to stimulate lending in the faltering eurozone economy."



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