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Moody's says ECB measures positive, but of limited impact

Ratings agency concludes eurozone challenges persist

(ANSA) - New York, September 5 - 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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