Draghi signals job done

The ECB met this week and, as expected, kept interest rates on hold at 1 per cent, but refrained from announcing any new policy measures.

11th March, 2012
Draghi signals job done
Vincent Killeen.

The ECB met this week and, as expected, kept interest rates on hold at 1 per cent, but refrained from announcing any new policy measures.

The ECB lowered its eurozone growth forecast, stating that the economy could shrink by 0.5 per cent this year and at best grow by 0.3 per cent, while also forecasting that inflation will average 2.4 per cent (compared with its December forecast of 2 per cent) and only fall back below...

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