ECB cuts key rate in Draghi's first policy meeting as president

11/3/2011 | Bloomberg · Wall Street Journal, The · Guardian (London), The

Mario Draghi, president of the European Central Bank, indicated in the first policy meeting he chaired that he prefers to use interest rates to boost economic growth. The ECB reduced its benchmark rate to 1.25% and remained open to further easing. Draghi ruled out bolstering the central bank's bond-buying program.

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Bloomberg · Wall Street Journal, The · Guardian (London), The

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