ECB Readying Broad Asset-Backed Purchases After Rate Cut, Draghi Says

The European Central Bank cut interest rates and will start buying assets, easing the flow of funding for the region’s economy while holding back for now on larger-scale action. The ECB “will purchase a broad portfolio of simple and transparent securities,” President Mario Draghi said at a press…

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ECB Readying Broad Asset-Backed Purchases After Rate Cut, Draghi Says

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