The European Central Bank left its benchmark rate unchanged at 0.5 percent on Thursday. Not only did ECB head Mario Draghi rule out rate increases, he hinted at a possible future cut if needed.
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.
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.
After previously sparking a mini tantrum in financial markets, the ECB has tried to play a balancing act, emphasizing improved growth while tempering expectations to avoid triggering serious market volatility.
Massive money printing to restart the global economy after the financial crisis has blown an even bigger bubble. Ten years after the last crash, are we due another one and will it be worse?
© 2017 Deutsche Welle |
Legal notice |
| Mobile version