Mexican Media Brands
ECB Cuts Interest Rate to 0.25%
The European Central Bank reduced its benchmark interest rate today to 0.25% from 0.5%, where it had been since May.
#economics
Share
The European Central Bank reduced its benchmark interest rate today to 0.25% from 0.5%, where it had been since May.
Analysts attribute the move to the eurozone's low 0.7% inflation rate and record high unemployment numbers. But they say the rate cut is largely symbolic because many banks are struggling with their own financial problems and aren't likely to pass along the reduction.
But the ECB also is encouraging banks to lend by extending its offer of unlimited low-cost credit for banks to mid-2015.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.