Likelihood of interest rate hike by Sept. pegged at 56%
March 9, 2015 by Lananh Nguyen and Andrea Wong
(Bloomberg) — The euro lingered at almost an 11-year low as the European Central Bank began purchasing sovereign debt to head off deflation and spur economic growth.
The common currency touched the weakest since September 2003 before trimming losses. It slid for the past three weeks as the central bank readied the quantitative-easing program after record-low borrowing costs, including a negative deposit rate, failed to stem an economic slump. Click here to read…
Originally Posted at LifeHealthPro on March 9, 2015 by Lananh Nguyen and Andrea Wong.
Categories: Industry Articles