Long-suffering QBE shareholders might have to wait longer yet for their investment to recover. The global insurer will be one of the ASX stocks worst--affected by the European Central Bank's recent monetary actions to boost eurozone growth, devalue the euro and avert deflation. The ECB slashed its main lending rate to 0.15 per cent and cut its interest rate on overnight bank deposits from zero to minus 0.1 per cent to encourage commercial banks to lend to small business rather than park funds with the central bank. Real interest rates in Europe are now negative. For David Walker's full article published in The Australian (VIEW LINK)