Sunday February 23, 2020

ECB meeting saw Brexit affecting growth

Referendum 'important source of uncertainty' for economy

7th July, 2016
The European Central Bank in Frankfurt

European Central Bank policy makers estimated in June that the recovery in the euro zone would proceed at a “moderate but steady pace,” though subject to “difficult to anticipate” risks from Britain's vote on leaving the European Union.

The decision to end British membership of the EU sent sterling and asset prices tumbling and prompted ECB executive board member Peter Praet to warn last week that it could partly reverse recent...

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