Markets stunned with ECB chief hinting at rate cut

摘要

Global currency wars are backwith serious concern. The eurocurrency went tumbling afterEuropean Central Bank (ECB)boss Mario Draghi signalledthe bank stood ready to boostthe "size, composition andduration" of the bank's bondbuyingprogram.The ECB's move to boost itsmonetary stimulus, whichdrives down eurozone bondrates and puts downwardpressure on the euro, comesas US Federal Reserve boardmembers appear deeplydivided on whether to proceedwith plans to raise US interestrates this year or not.