2014 Event The European Central Bank announces its readiness to ensure that interest rates will remain steady or decrease as inflation rises 2014 Event New Italian Prime Minister Matteo Renzi announces plans to cut government spending and use the funds to decrease taxes on individuals and regional businesses; Italy's unemployment rate increased 0.2 percent in January to 12.9 percent 1973 Event Arabs decrease oil production 1916 Event NL votes down a proposal by Giants, Braves, and Cubs to increase club player limit from 21 to 22 (The Reds want to decrease to 20) 1878 Event U.S. Congress accept decrease in dollar circulation