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But investors sold off bonds, pushing interest rates higher.
The bond market also sold off sharply, pushing interest rates higher.
With inflation low, the E.C.B. should be pushing interest rates into negative territory or buying government bonds.
But there is a worry that pushing interest rates into negative territory could create problems for the financial system.
If politicians did not obey, they quickly sold large piles of bonds, pushing interest rates higher and dampening economic growth.
Instead, the Fed pursued its own stimulative policy, pushing interest rates to the lowest level in a generation.
Similar(10)
The union says KB engaged in "deceptive practices" and steered buyers toward its loans to control home prices, pushing interest-only loans to buyers who often did not understand what they were getting into.
Moody's decision immediately began to push interest rates down.
In March, it pushed interest rates down to near zero.
But its determination to prevent inflation falling caused it to push interest rates unusually low.
Over that weekend, there was widespread speculation that the downgrade would push interest rates way up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com