ECB’s Draghi stuns markets with rate cut but deflation still looms

The European Central Bank has cut interest rates to a record low to head off deflation, stunning markets and triggering a sharp fall in the euro. Mario Draghi, the ECB’s president, said the outlook has changed abruptly over the past few weeks, acknowledging for the first time that the eurozone fa…

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ECB’s Draghi stuns markets with rate cut but deflation still looms

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