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....