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"There was a very strong prevailing consensus towards an interest rate cut," says Draghi, now...

"There was a very strong prevailing consensus towards an interest rate cut," says Draghi, now taking questions at his press conference. The answer suggests the vote wasn't unanimous (Weidmann?). As Draghi points to higher stock prices as one measure of the ECB's success, markets turn tail, the Stoxx 50 (FEZ) now off 0.5%, and the euro (FXE) really tumbling, -0.8%.
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Comments (1)
  • zero1945
    , contributor
    Comments (245) | Send Message
     
    Mentioned a negative deposit rate.

     

    Yup. I'm sure people are going to line up around the corner to pay for the privilege of depositing their money in an insolvent bank!
    2 May 2013, 09:32 AM Reply Like
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