The European Central Bank is keeping its key interest rate at zero percent and will continue its 60-billion-euro a month bond-buying program until at least December of this year.
Following a meeting of central bank governors, ECB chief Mario Draghi has voiced concerns about the current strength of the euro area's single currency. The development makes it harder to exit crisis-era measures.
European Central Bank chief Mario Draghi says the eurozone still needs significant monetary stimulus to help boost inflation. The bank is gradually reducing its bond purchase program but it may continue past September.
The European Central Bank wants the EU's top court to deal with the measures that Latvian authorities have taken to prevent their own ECB board representative from working. The governor stands accused of bribery.
Eurozone finance ministers in Brussels have backed Spain's candidate to become the next vice president of the European Central Bank. The decision was expected after Ireland withdrew its candidate for the post.
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