Global markets have been dragging their heels over the last week or so, awaiting various pieces of key announcements or data, not least today’s European Central Bank meeting which is largely expected to give hope to Europe’s economy. There is wide speculation that the Bank may introduce a zero interest rate or lower in the hope that banks will be keener to start lending more to businesses. Europe’s issues include low inflation and rising unemployment so all eyes will be on the announcements made by the ECB today. Markets are steady so far. Read the full story.
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