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Ecb Cuts Eurozone Interest Rate To New Record Low Of 0.5%

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The European Central Bank (ECB) has cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone's economic health.

The widely-expected cut to 0.50% from 0.75% is the first in 10 months.

Worries about eurozone economies were underlined on Thursday with data showing manufacturing activity across the 17-nation bloc shrank in April.

A sign that the Euro banking system is about to collapse again?

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Draghi is taking about unconventional measure most commentators say negative interest rates coming in the near future, a very dangerous man that needs removing from his role imo

Edited by papag

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Precious little movement of GBP/EUR though. That tells you something.

Both "F"ed!

Every time I search such terms as FF and double dipped I come across websites which have nothing to do with finance.

Keeps me amused for hours! :blink::lol:

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I am not sure the German Bundesbank would be happy at this news! Germany will get inflation!


OH YES. Germany will get its house price bubble. Resistance is futile, my Krautish friends.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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