Displaying items by tag: ecb

Alexis Tsipras will be meeting tomorrow With the strong man of the European Central Bank, according to a well-informed source speaking to Greek site theTOC.gr.

The ECB earlier cut its main interest rate to 0.15% and imposed negative interest rates on banks' overnight deposit to cajole banks into lending more.

ECB head, Mario Draghi, is expected this coming Thursday to reduce the rate at which commercial banks borrow from by 0.10% (from0.25% to 0.15%) in order to encourage business lending.