ECB shocks market: Analysis and reaction

The European Central Bank (ECB) surprised markets Thursday with three interest rate cuts. At his press conference, ECB President Mario Draghi's also announced that the bank had decided to start an asset backed securities bond-buying program.

This after the Bank of England opted to hold fire once again.

We had all the breaking news and reaction on our live blog:

Contact Europe News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Europe Video

  • Steve Pollard of Marex Spectron says coffee shipments from Brazil have been higher than expected, due to previous years' surpluses.

  • Every time the oil price looks positive or stable "out comes something negative," says Richard Mallinson, analyst at Energy Aspects.

  • Russia has been dominating the news recently and its economy is not looking good. Anastasia Nesvetailova, director at City University's political economy research centre explains more.