Sunday 23 July 2017

Laura Noonan: Not-so-super Mario drags heels on unlocking ECB's coffers

Laura Noonan

Laura Noonan

WHAT a difference a month makes. When European Central Bank president Mario Draghi took to the podium for his inaugural press conference last month, the room was abuzz with two words: "Super Mario".

But after yesterday's press conference, two words conveying a very different sentiment summed up the general reaction to the Italian's second outing: "Draghi Disappoints".

Like last time round, Mr Draghi marked yesterday with an interest rate cut of 0.25pc. But the effect wasn't quite so crowd-pleasing, since rumours of a 0.5pc cut had been doing the rounds.

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