The European Central Bank is maintaining its low interest rates and bond-buying program, despite speculation to the contrary.
ECB governors have signalled greater confidence in the eurozone economy following a meeting of the central bank's rate-setting council. Policymakers dropped language of boosting the ECB's massive bond-buying program.
The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth forecasts. But inflation will remain stubbornly low, the ECB says.
Germany's central bank earned €2 billion more than it spent last year, doubling its profit compared with the previous year and contributing a nice windfall to the government budget after a meagre 2016.
Policymakers from the US Fed, the European Central Bank and the Bank of England have described the recent sell-off in stock markets as a healthy correction, saying this won't knock them off their monetary policy path.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version