FRANKFURT (Reuters) – The European Central Bank cut the three reference rates, and quality and quantity enlarges the securities purchase program by announcing a mix of broader measures than expected to try to give breath to the economy and combat the anemic price dynamics the upgrade has taken place in the light of the deteriorating outlook growth and inflation in the euro zone for this year and next, certified by the new quarterly estimates of the institute in Frankfurt [nL5N16I1Y9]. It stands out scaling of price growth estimates, which this year drops to 0.1% from 1% the previous projection. Coming the measures announced today, the ECB brought to zero the rate on the main refinancing, lowering it five cents from the previous 0.05%, the level on which he was traveling from September 2014, will fit absolutely not priced by the markets. scissor kick to the new historical low of -0.4% for the reference on the deposit or the cost in lieu of remuneration, that the banks of the euro zone must charge for ‘park’ overnight liquidity from the European Central Bank. Also cut the rate on outstanding loans which rose from 0.30% to 0.25%. Dragons also clarified that interest rates will remain at current or even lower level for a very long period of time, although he stressed that there is a limit to the lowering of interest rates. Turning to ‘, Frankfurt measures’ nonstandard raised from 60 to 80 billion of the EUR ‘monthly amount of purchases under the’ quantitative easing ‘program, which will also be extended to corporate bonds’ investment grade’, which will start towards the end of the second quarter. Also Decided raising the affordable limits on each issuer or single emission to 50% from 33%, with respect to securities issued by international organizations and multilateral banks. Q and will continue until March of next year and in any case up to when necessary. More …
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