Tuesday December 10, 2019

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

7th March, 2019
Could ECB move inflation goal posts? Pic: Getty

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.

A package of assistance from new loans for banks to a longer pledge on record-low rates is intended to expand the institution’s existing stimulus, he said.

“The persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in...

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