http://www.marketwatch.com/story/ecb-cuts-key-interest-rates-by-01-percentage-point-2014-09-04?link=MW_home_latest_news
The European Central Bank cut three key interest rates on Thursday by
0.1% percentage point. The refinancing rate was lowered to 0.05%, the
marginal lending rate to 0.3% and the rate on the deposit facility to
negative 0.2%. The euro
EURUSD, -0.98%
tumbled on the news. The ECB
made no comment on new quantitative-easing measures. The spotlight now
turns to ECB President Mario Draghi, who is scheduled to hold his
regular news conference at 8:30 a.m. Eastern.
The insane asylum has been overrun.
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