By Daniel Hunter
The European Central Bank (ECB) has cut interest rates in an attempt to boost growth in the eurozone.
The ECB has set rates at 0.15% down from the already low 0.25%.
Analysts expected the ECB to cut the base rate, at the least. Others believe the ECB could introduce negative rates on deposits to boost bank lending.
It comes as the eurozone economy struggles to show any sign of significant growth. On Tuesday, figures revealed that inflation fell back to 0.5% in May, falling away from the ECB’s target of 2%.
Deflation is causing consumers to hold off on spending as they believe lower prices could be around the corner. Similarly, investors stop investing.
Unemployment remains a big problem at 11.7% in April.
The International Festival for Business – IFB 2014 – is the most exciting international business initiative of 2014 and International Trade Expo will be at its heart.
A two day expo with exhibitors, seminars, workshops and networking events designed to plug your business into the engine of international trade. Expert speakers, country profiles, advice clinics and innovative solutions for the challenges of doing business in the global market place. International Trade Expo is the event for everyone concerned with international trade.
International Trade Expo 10-11th June, Echo Arena, Liverpool
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