In a press conference earlier today, European Central Bank President Mario Draghi announced that the ECB has cut interest rates to an historically low 1%. He also made it clear that the ECB would not go on a bond buying spree. Dow Jones's Andrea Hotter and Paul Hannon discuss the key takeaways from the announcement.
You can watch a full webcast of Draghi's press conference here.
Posted
12-08-2011 12:47 PM
by
Graham Griffith
Filed under: interest rates, monetary policy, wsj, bonds, Dow Jones, euro, european central bank, euro area, european banks, mario draghi, andrea hotter, phil hannon