European Central Bank cuts interest rates

ECB

The logo of the European currency Euro is pictured in front of the European Central Bank, ECB in Frankfurt am Main, western Germany on April 3, 2014.

Very few were predicting the European Central Bank would cut interest rates today, but cut they did. The benchmark rate went from a super-low 0.15 percent to just 0.05 percent. 

Brenda Kelly, Chief Market Strategist at London-based IG Group, joined us to offer some context on the surprising move.

Click the media player above to hear Brenda Kelly in conversation with Marketplace Morning Report host David Brancaccio.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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