ECB puts off rate hike as outlook clouds
ECB president Mario Draghi said the euro zone economy would now expand by only 1.1 per cent this year, as the bank delivered a fresh round of monetary stimulus
The European Central Bank has delivered a fresh round of monetary stimulus in a bid to shore upthe weakening euro zone economy as it cut its growth forecast by the most since the advent of its quantitative easing programme.
ECB president Mario Draghi said the euro zone economy would now expand by only 1.1 per cent this year, a drop of 0.6 percentage points from the forecast given out just three months ago.
