More formal plans as used for business and military purposes, while initially created with and as an abstract thought, are likely to be written down, drawn up or otherwise stored in a form that is accessible to multiple people across time and space. This allows more reliable collaboration in the execution of the plan.
Key ECB interest rates. The Governing Council of the ECB sets the key interest rates for the euro area: The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system.
Markets go into reverse despite ECB cutting rates and boosting QE - as it happened. The European Central Bank has thrown the kitchen sink at the eurozone, by slashing the headline interest rate to zero and increasing the bankâs money-printing programme. Summary: ECB cuts interest rates, but euro actually rises. Growth and inflation forecasts cut.