Draghi press conference

A Few but Not Many ECB Policymakers Favored a Rate Cut Today

June 6, 2012

The ECB Governing Council did not reduce the 1.0% refinancing rate or the 0.25% deposit rate and 1.75% marginal lending rate.  The interest rate vote, however, was not unanimous, and President Draghi’s introductory statement qualitatively downgraded the characterization of current economic conditions.  In May, the statement spoke about “a stabilization in economic activity at a […] More