ECB puts off rate hike as outlook clouds

ECB puts off rate hike as outlook clouds
ECB announces new loans for banks. Pic: Getty

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 up the weakening euro zone economy as it cut its growth forecast by the most since the advent of its quantitative easing programme.

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events.
  • Videos and podcasts from some of the industry's most respected journalists such as Michael Brennan, Susan Mitchell and Ian Guider.
  • Access to The Business Post's extensive archive‚Äč.

Related Articles

More from The Business Post