The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy. Responding to a drop in euro zone inflation well below its target level and rising unemployment, the ECB […]
Tag: Mario Draghi
Oil falls after ECB says eurozone economy weak
The price of crude oil fell Tuesday after the head of the European Central Bank described the economic outlookof the 17 countries that use the euro as weak in the near term. Benchmark crude for March delivery was down 53 cents to $95.33 per barrel at late afternoon Bangkok time […]
