That’s All There Is: Draghi Drags His Heels And Says ECB Isn’t Likely To Cut Interest Rates Further

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Mario Draghi tried to reel back his stimulus torpedo by saying further stimulus isn’t likely. Investors responded by singing ‘Is that all there is?’
({Bloomberg) -0 The European Central Bank can cut interest rates further but isn’t likely to, Mario Draghi said after unveiling stimulus on Thursday that brought borrowing costs to record lows, expanded asset purchases and offered a borrowing subsidy to lenders.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ March 10, 2016.