By Central Bank News (Guest Post)
The European Central Bank (ECB) cut its Main refinancing operations rate by 25 basis points to 1.25% from 1.50%. The Bank said “Owing to their unfavourable effects on financing conditions and confidence, the ongoing tensions in financial markets are likely to dampen…
***This is a preview. Please click on the post title or go to http://www.econmatters.com for full content. ****
