Sat, May 04, 2013 - Page 15 News List

Asian stocks rise after ECB cuts rates

READY TO ACT:On Thursday, the European Central Bank cut its benchmark interest rate by a quarter-point to 0.5 percent and said it was ready to ease further if needed

Reuters and AFP, SYDNEY and MUMBAI

“The talk of negative interest rates on deposits and that the ECB will consider such action is still relatively very vague and at an early stage, so it [market] is not really factoring in yet,” he said.

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