Enter your e-mail address below
to reset your password.
Please activate your registration
by clicking the link in the activation email
or click submit to resend the activation email.
Please check your spam folder too...
Check your mailbox to activate your registration.
Please check your spam folder too.
European Central Bank Governing Council member Nout Wellink said a further reduction to the bank's interest rates could not be excluded and that the first quarter of this year would not be a good one for growth.
“A further rate cut cannot be excluded,” Wellink told Reuters on the sidelines of an Ecofin meeting Prague.
The ECB cut rates by a smaller-than-expected 25 basis points on Thursday to new record lows, taking the main refi rate to 1.25% and the overnight deposit rate - now acting as a floor for money markets - to 0.25%. (Reuters)