Euronews – ECB Cuts Rates Hoping To Boost Flagging Eurozone Economy – 2 May 2013

Mish/ Mike Shedlock - Unlimited Bond Buying "With Strings"; Marop Draghi vs Randall From Monsters Inc - 7 September 2012The European Central Bank has cut its main interest rate for the first time in 10 months in an attempt to get the eurozone’s recession-mired economy growing again.

ECB president Mario Draghi said that should help the eurozone economy recover “later in the year”.

The cut by 0.25 percent to 0.5 percent came even though some ECB policymakers believe it will make little difference to the main problem, which is banks not lending to businesses.

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