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SITUATION REPORTSep 12, 2019 | 13:29 GMT
EU: ECB Announces More Stimulus, Cuts Deposit Rate by 10 Basis Points
The European Central Bank decided Sept. 12 to launch a new round of stimulus for the eurozone and reduce its deposit rate from -0.4 to -0.5 percent. The bank also announced that it would start a new round of quantitative easing and buy 20 billion euros (roughly $22 billion) in bonds per month starting in November.
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SITUATION REPORTAug 29, 2019 | 18:56 GMT
Argentina: Government Seeks to Restructure Debt
The Argentine government is attempting to restructure $101 billion of its debt, including a large part of a $57 billion bailout package by the International Monetary Fund (IMF), to allow more time for Buenos Aires to pay back the funds, the Financial Times reported Aug. 29.
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