Draghi cuts ECB rates and pledges indefinite stimulus
European Central Bank chief Mario Draghi has pledged indefinite stimulus to revive an ailing eurozone economy, tying the hands of his successor, Christine Lagarde, for years to come and sparking an immediate conflict with US president Donald Trump.
As Mr Draghi’s eight-year mandate nears its close, the ECB cut rates deeper into negative territory and promised bond purchases with no end-date to push borrowing costs even lower, hoping to kickstart the bloc nearly a decade after its debt crisis.
