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Draghi marks ECB reign with rate cut

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Draghi marks ECB reign with rate cut

E
euronews (in English)

5 Views • Nov 03, 2011

Description

Well, they say a new broom sweeps clean. In his first meeting as boss of the ECB Mario Draghi has surprised nearly everyone by cutting base interest rates by a quarter-percent to one and a quarter percent. The 23-member rate-setting council had been predicted to leave rates unchanged. Markets ticked higher on the news. http://www.euronews.net/