Bloomberg Mario Draghi unleashed his most audacious stimulus package yet, unexpectedly testing the lower bounds of all the European Central Bank’s interest rates, expanding its monthly bond purchases by a third and signaling it may pay lenders to borrow its cash. The 25-member Governing Council, meeting in Frankfurt on Thursday, cut the rate on cash parked overnight by banks by …

Bloomberg Euro-area government bonds surged after the European Central Bank unexpectedly cut all its interest rates and expanded its monthly bond purchases. Spanish 10-year yields dropped the most in five months with the decision boosting peripheral debt relative to the higher-rated peers. ECB officials cut the central bank’s deposit rate by 10 basis points to minus 0.4 percent, and its …

Bloomberg U.K. Chancellor of the Exchequer George Osborne is facing a potential shortfall in the nation’s finances ahead of his annual budget as plans to sell Royal Bank of Scotland Group Plc shares stall. Whipsawing markets and a split within the government ahead of Britain’s June 23 referendum on European Union membership mean the chancellor probably won’t meet next fiscal …