Now Reading:

Draghi marks ECB reign with rate cut


Draghi marks ECB reign with rate cut


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.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article