Cutting rates can stimulate lagging growth by lowering borrowing costs, thereby making it easier for businesses to expand and consumers to spend. But bank officials have questioned how much good further cuts would do. Even with record low rates, businesses still aren't borrowing much due to the weak outlook. Eurozone retail sales slumped 1.2 percent in October, far more than expected.Low rates and an infusion of around â¿¬1 trillion in low-cost loans to banks last December and February are only now showing faint signs of trickling through to the wider economy.
ECB Could Be Done Helping Eurozone Economy
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