Draghi flags possible rate cut

Thu, 08 May 2014

By Margreet Dietz May 9 (BusinessDesk) - European stocks climbed while the euro slid against the US dollar as European Central Bank President Mario Draghi signalled a potential interest rate cut next month. The ECB kept, as had been anticipated, its key interest rate steady at a record low 0.25 percent but suggested it might lower it in June if needed. “The governing council is comfortable with acting next time but before we want to see the staff projections that will come out in early June,” Draghi said after the central bank’s policy...

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