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The head of the European Central Bank announced the continuation of rate cuts

20 June 2019

The head of the European Central Bank announced the continuation of rate cuts

Mario Draghi, today occupying the post of the President of the ECB, made a statement, according to which the Central Bank sees an opportunity to further reduce current interest rates, with a concomitant process of mitigating the effects of the introduction of such a policy. The reaction to it served as an angry rebuke from Donald trump, who accused the head of the injustice of his statements against the United States.

What is happening is considered to be part of the European political tool that was described on that forum. In turn, the President of the United States of America again not left behind and put forward the idea that Europe is manipulating the currency assets for the growth of the domestic market on international stock space.

Thus the Euro against the dollar fell sharply, the injustice of what is imputed to economists, the EU and China and some other countries. This artificial relief of own competitiveness get away with alleged fraud over the years, exactly how, however, is not specified. So far, the changes do benefit the domestic economies of the countries of the European Union, but the implications of this approach remain unknown, apart from the already existing provocations.