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July 6th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: Irish Republic ‘encouraged’ by successful bond auction nbsp
ECB cuts eurozone rates to record low of 0.75%
BBC – The European Central Bank (ECB) has reduced its key interest rate from 1% to 0.75%, a record low for the eurozone. The move comes as the eurozone economy continues to be weak. The ECB also cut its deposit rate, from 0.25% to zero. The cuts coincide with action from other major central banks on Thursday, with the Bank of England adding another £50bn in stimulus money and the Bank of China cutting its key interest rates. A cut in the ECB’s deposit rate is designed to stimulate lending between banks, as funds placed with commercial banks overnight are currently receiving 0.3% in interest. Read article
Tags: banks, debt wealth, Europe
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