Surprise Me!

Draghi marks ECB reign with rate cut

2011-11-03 5 Dailymotion

Well, they say a new broom sweeps clean. In his first meeting as boss of the ECB Mario Draghi has surprised nearly everyone by cutting base interest rates by a quarter-percent to one and a quarter percent. The 23-member rate-setting council had been predicted to leave rates unchanged. Markets ticked higher on the news. http://www.euronews.net/