I may as well post this here, the other thread is still closed.
https://www.bbc.co.uk/news/business-49674176
Quote:
The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%.
The ECB also said it was re-starting quantitative easing. It will buy €20bn of debt a month from 1 November.
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I confess not to understand the negative interest stuff, but pretty darn sure that 'buying debt' didn't go so well a few years ago
Propping up failing economies seems to be the in thing, pity we're still part of it