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.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.