European Central Bank Gets Serious About Deflation Threat

ECB Focuses on Deflation Risk

Eurozone inflation rate -

Source: ECB

The ECB cut its deposit rate (essentially, Eurozone banks now face a charge for holding excess reserves at the ECB) to minus 0.1 percent. ECB also lowered its benchmark interest rate to a record low of 0.15 percent.

http://www.bloomberg.com/news/2014-06-05/draghi-unveils-historic-measures-on-deflation-threat.html

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