ECB signals rate cut on the agenda

Speaking on the 4 April 2013 after the European Central Bank's governing council decided to keep the main interest rate on hold at 0.75% for the ninth consecutive month, Mario Draghi, President of the ECB, signalled that an interest rate cut was rising up the bank’s agenda, saying it stood 'ready to act' as economic weakness crept further into eurozone countries unaffected by the sovereign debt crisis.

Speaking after the bank’s governing council decided to keep the main interest rate on hold at 0.75 per cent for the ninth consecutive month,

BBC News, 04.04.13: ECB says first Cyprus bailout plan 'not smart' http://www.bbc.co.uk/news/business-22024610

ECB: Press Release, 04.04.13: Monetary policy decisions http://www.ecb.int/press/pr/date/2013/html/pr130404.en.html

ECB: Press Release, 04.04.13: Introductory statement to the press conference Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 4 April 2013 http://www.ecb.int/press/pressconf/2013/html/is130404.en.html

Deutsche Welle, 04.04.13: ECB holds key interest rate at historic low http://www.dw.de/ecb-holds-key-interest-rate-at-historic-low/a-16720016

EUObserver, 04.04.13: Draghi: Cyprus levy was 'not smart' http://euobserver.com/economic/119698

EurActiv, 05.04.13: Draghi slams handling of Cyprus bailout http://www.euractiv.com/euro-finance/draghi-slams-handling-cyprus-bai-news-518908

France 24, 04.04.13: ECB 'ready to act' on floundering economy http://www.france24.com/en/20130404-ecb-mario-draghi-stands-ready-support-economy-recession

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