RE: Trumps at it again13 Sep 2019 12:51
Germany at tbe brink of ressession? If germany goes the rest will follow.....ECB, led by outgoing president Mario Draghi, took a series of other actions today to help support the sluggish economy.
It said it would purchase $20billion a month in government and corporate bonds for as long as necessary, which will pump fresh cash into the financial system to lower borrowing costs and raise inflation.
The central bank also extended a promise to keep rates at record lows for as long as necessary.
Its dovish stance comes after Germany was pushed to the brink of a recession by the intensifying US-China trade war.