* In a further effort to fight the prospect of deflation, the European Central Bank lowered its bank deposit rate rate from -0.3% to -0.4% (the rate banks can borrow from the central bank), decreased its main interest rate from 0.05% to zero and expanded its quantitative easing program from €60 billion to €80 billion a month. Further the ECB will now be allowed to purchase bonds from corporations. BBC

* Reuters has reported that Saudi Arabia may be seeking the first significant foreign borrowing by the kingdom in over ten years. Reuters

* How aging millennials may impact the demand for housing. Calculated Risk