Frankfurt | The European Central Bank cut interest rates further below zero and revived bond purchases after president Mario Draghi overcame critics of his stimulus policies to make a final run at reflating the euro-area economy.
The ECB reduced the deposit rate to minus 0.5 per cent from minus 0.4 per cent, and said it would buy debt from November 1 at a pace of €20 billion ($32 billion) a month for as long as necessary to hit its inflation goal.
