ECONOMICS COMMENTARY
Jun 05, 2014
ECB takes out a policy "shotgun' to kill deflation
While the Bank of England pulled no surprises at its monthly policy meeting, the European Central Bank went further than expected in terms of policy action. The ECB's Governing Council unanimously agreed to announce what ECB President Mario Draghi described as a "significant" package of five measures to help lift growth in the single currency area and ward off the threat of deflation.
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