Dubai – Mubasher: The European Central Bank, in a meeting held Thursday, cut the deposit rate from -0.2% to -0.3%.
The ‘main refinancing rate’ -- the headline cost of borrowing, basically - is stuck at its record low of 0.05%. The third rate is the ‘marginal lending facility’ remains at 0.3%
ECB President Mario Draghi has announced new stimulus measures in an effort to boost the flagging Eurozone economy.
