European Central Bank president Mario Draghi is not expected to change his negative interest rates anytime soon. But the ECB head did nudge up expectations for growth and inflation in the euro area this year.
The European Central Bank (ECB) knows it can’t change its loose monetary policy too rapidly, lest it shock markets and banks. But change will have to come soon, maybe as soon as Thursday when governors meet again.
After the central bank's latest policy meeting, its president Mario Draghi provided only vague hints as to how the ECB would wind down its huge asset purchases. Fast action has been complicated by a much stronger euro.
European Central Bank (ECB) chief Mario Draghi has called the bank's ultra-loose monetary policy a success, but admitted there were gaps in understanding the effects of the "new tools" on the real economy.
The world’s most powerful central bankers are gathering in the US to exchange views over the myriad of problems and uncertainties they confront. But they will do their utmost not to send any clear signal to the markets.
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