The sharp drops in borrowing costs reported by the ECB indicated that cuts it has announced in interest rates are being passed on to the real economy. Including last week's 50 basis point cut, the ECB has slashed official borrowing costs by 275 basis points since early October to 1.5 per cent, the lowest ever.
貸款成本大幅下降，表明歐洲央行的降息效應已傳導至實體經濟。包括上周的50個基點，自去年10月初以來，歐洲央行已將官方利率下調275個基點，至1.5%，為歷史最低水平。
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