| European Central Bank boss Mario Draghi is expected to fire the latest salvo in the currency wars by unveiling fresh measures to push interest rates even lower in the eurozone. Investors expect the ECB will step up its efforts to fight the scourge of low inflation by boosting the size of its asset-buying program and slashing its deposit rate deeper into negative territory.
The expected move by the ECB to push interest rates even deeper into negative territory comes despite howls of protest from banks and insurance companies, which argue that negative rates are undermining their business models. The ECB rate decision and Draghi's news conference is expected to occur about 12:30am AEDT on Friday...............................................Full Article: Source
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