The European Central Bank has unleashed new stimulus for the eurozone economy, cutting a key deposit rate and extending an asset-buying program in a bid to boost inflation and encourage more lending by banks.
Germany's constitutional court has called into question the European Central Bank's asset purchases, saying they might overstep the central bank's powers, referring the case instead to the European Court of Justice.
ECB chief Mario Draghi is expected to highlight the euro area's strengthening economy while underlining the need for caution as the bank inches toward ending its stimulus. But interest rates will not rise anytime soon.
The European Central Bank (ECB) has indicated it won't cut interest rates any further as the eurozone economy is improving. But it will continue to pump more stimulus into the bloc amid subdued inflation.
European Central Bank (ECB) has left key interest rates at historic lows and mass bond-buying unchanged as inflation continues to undershoot its target. But it explicitly acknowledged the vigor of the eurozone economy.
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