Ecb - To A Greater Extent Than Or Less Other Footstep Closer To 0%

The ECB edged closer to ZIRP today, dropping the refi charge per unit of measurement to 0.25%. This is surprising, but then, who cares almost the divergence at this point? It underlines that the ECB is figuring out the eurozone economic scheme is a mess, but that's been priced into markets for a long time.

The entirely outcome I run across is that this increases the ground almost unconventional policy measures inward the eurozone. Since I am skeptical that the unconventional policy measures contemplated past times primal banks accept whatever affect on the economy, it but ends upwards beingness a distraction.