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ECB's surprise stimulus moves and the latest consumer technology


Business Line

ECB's surprise stimulus moves and the latest consumer technology

When European Central Bank policymakers held their September meeting hardly anybody expected interest rates cuts.

The markets had spent weeks discussing what else the ECB might do and even whether it would do anything at all.

As it was Mario Draghi unleashed some heavy weapons: the bank cut its benchmark and deposit interest rates just months after the previous cuts.

Moreover, the Governing Council announced new asset buying programmes to bolster its upcoming low interest long-term loan offer to retail banks.

Draghi said all this was aimed at unblocking lending in the eurozone.

And to achieve that the ECB and its Governing Council members are ready to do more if needed, as the eurozone growth forecasts for 2014 and 2015 are cut.

In this edition of Business Weekly we look at that story and take a trip into the technology world at the IFA consumer electronics show in Berlin.

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

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