Draghi launches ECB term with rate cut

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Series Details 4.11.11
Publication Date 04/11/2011
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Mario Draghi launched his presidency of the European Central Bank in bold fashion by cutting official interest rates on the 3 November 2011 but warned eurozone governments that they could not rely on the bank to backstop their finances.
Related Links
BBC News, 3.11.11: ECB cuts interest rates to 1.25% http://www.bbc.co.uk/news/business-15575285
ECB: Press Release, 3.11.11: Monetary Policy Decisions http://www.ecb.int/press/pr/date/2011/html/pr111103.en.html
ECB: Press Release, 3.11.11: Introductory Statement http://www.ecb.int/press/pressconf/2011/html/is111103.en.html
Deutsche Welle, 3.11.11: ECB cuts interest rates to ward off recession http://www.dw-world.de/dw/article/0,,15509079,00.html
EurActiv, 4.11.11: Draghi keeps Italian cool in baptism of fire http://www.euractiv.com/euro-finance/draghi-keeps-italian-cool-baptis-news-508743
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