Central Banks

Reaction: Euro seesaws on Draghi rate comments

Our live blog tracked market reaction after the ECB issued a raft of stimulus measures.

Draghi's moves included a surprise cut to the main refinancing rate, a slashing of the deposit rate by 10 basis points and an expansion of its quantitative easing program to 80 billion euros a month.

The euro initially fell but spiked up sharply on Draghi comments that suggested this could be as low as the ECB will go for interest rate levels.

See below for how events unfolded.

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