ECB surprises with rate cut, cautious on bond buys

FRANKFURT (Reuters) - The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the euro zone could subside into a "mild recession" in the latter part of 2011.<img width='1' height='1' src='http://mf.feeds.reuters.com/c/871/f/415342/s/19c64e10/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='middle'><a href="http://res.feedsportal.com/viral/sendemail2.html?title=ECB+surprises+with+rate+cut%2C+cautious+on+bond+buys&link=http%3A%2F%2Fuk.reuters.com%2Farticle%2F2011%2F11%2F03%2Fuk-ecb-rates-idUKTRE7A202U20111103%3FfeedType%3DRSS%26feedName%3DtopNews" target="_blank"><img src="http://res3.feedsportal.com/images/emailthis2.gif" border="0" /></a></td><td valign='middle'><a href="http://res.feedsportal.com/viral/bookmark.cfm?title=ECB+surprises+with+rate+cut%2C+cautious+on+bond+buys&link=http%3A%2F%2Fuk.reuters.com%2Farticle%2F2011%2F11%2F03%2Fuk-ecb-rates-idUKTRE7A202U20111103%3FfeedType%3DRSS%26feedName%3DtopNews" target="_blank"><img src="http://res3.feedsportal.com/images/bookmark.gif" border="0" /></a></td></tr></table></div><br/><br/><a href="http://da.feedsportal.com/r/117795131561/u/0/f/415342/c/871/s/19c64e10/a2.htm"><img src="http://da.feedsportal.com/r/117795131561/u/0/f/415342/c/871/s/19c64e10/a2.img" border="0"/></a> [More]

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