Lowest ever interest rate

Who would have ever imagined that the Central European Bank would lower the reference interest rate to a measly 0,05%? That's almost free right?

Concerns of another crisis wave have increased after this measure as critics interpret this as a desperate way to stimulate consumption. However the markets reaction is minimal and banks are cautious to offer credit even at this rate.

Mario Draghi, the Bank's president will hold a press conference to explain this decision but analyst expect it will have little effect unless backed-up by other stimulation measures.