"This reinforces current mounting concern over the economy's recent performance and its outlook," said Howard Archer, chief UK economist at IHS Global Insight. 15.20 Mr Draghi hasn't ruled out more interest rate cuts: We have to look at what the situation is, look at the data and the developments and then we'll make up our minds in the Governing Council about what next actions we'll do. 15.03 Mr Draghi says that its long term refinancing operations (LTROs) have been criticised for two reasons...
Read the full articleSource: http://dailyme.com/story/2012070900001561
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