The following is excerpted from the 3 November 2011 edition of Reuters Canada.

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge.

The move gave an immediate boost to stock markets, which will be looking for any signal at Draghi's first post-policy meeting news conference on whether the ECB is ready to boost its bond purchases to calm tensions in the euro area...

This article is available in its entirety at:

http://ca.reuters.com/article/businessNews/idCATRE7A23LX20111103

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