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European Central Bank Launches New Stimulus for Economy

Associated Press

   FRANKFURT, GERMANY - The European Central Bank on Thursday delivered a
   new blast of monetary stimulus to help the shaky economy in the face of
   uncertainties like the U.S.-China trade conflict and Brexit.

   The decision comes as central banks around the world including the U.S.
   Federal Reserve lower rates to support slowing trade and growth,
   despite nagging questions over how much good central banks can do when
   rates are already ultra-low.
   In a wide-ranging package of measures that will ensure outgoing
   President Mario Draghi leaves a mark on the ECB's policies long after
   he leaves next month, the bank cut one key interest rate further below
   zero. It trimmed the rate on deposits it takes from banks to minus 0.5%
   from minus 0.4%, a penalty that pushes banks to lend excess cash.

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