New measures from the
European Central Bank (ECB) to stimulate the eurozone economy
will have a positive but limited impact, ratings agency Moody's
said Friday.
In a statement, Moody's said that the need "for new ideas
highlights the persistent economic and financial challenges in
the euro area".
On Thursday, ECB President Mario Draghi reduced an
important bank interest rate and announced a major purchase plan
for bonds and asset-backed securities.
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