The European Central Bank has surprisingly cut its benchmark interest rate to 0.05 per cent and cut the deposit interest rate to -0.2 per cent and confirmed it will purchase asset-backed securities, private loans and covered bonds to fight deflation.
The rate cuts are effective from 10 September and represent a 10 basis point drop in both the headline refinancing and deposit rates and means lenders will pay 0.2 per cent for deposits left with central banks.
I agree totally I bought in as a long term hold but the only way to make money it seems is to correctly predict the highs and lows and to trade on these. I can't accept that all the previously mentioned factors such as Ukraine , the Scottish vote , etc etc should affect this share price and not the general share markets . The share price should be reflected in the stability of the company in which case it should be climbing surely ?
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