Category: Financial
- Published: 05 June 2014
- Written by Editor
By Camilla Turner - The Telegraph
• Draghi opens the door to quantitative easing
• ECB cuts base interest rate from 0.25pc to 0.15pc
• Introduces a negative deposit rate of -0.1pc
• Central bank offers more cheap loans to banks to boost lending
• Bank of England will keep interest rates at record low of 0.5pc
15.15 That's the end of the live blog. Thanks for watching and keep checking our finance page for the latest analysis and comment on the ECB's decision on interest rates.
15.10 A summary of the key points from today:
• The ECB cut interest rates to record lows, imposing negative rates on its overnight depositers, meaning that banks will have to pay to leave money in the bank
