Fear of Deflation: ECB Rate Drop Shows Draghi’s Resolve

Amid worringly low inflation, the European Central Bank has made the surprise decision to drop its key interest rate to the lowest level ever. Economists say it shows a strong will for action by the ECB’s president, but they doubt the move will have a real impact. The biggest worry harbored by…

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Fear of Deflation: ECB Rate Drop Shows Draghi’s Resolve

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