The ECB manages monetary policy for the European Union's 19 member states.
The European Central Bank has left its benchmark refinancing rate on hold at a historic low of 0%. The move comes days before chief Mario Draghi is expected to step down.
The European Central Bank's new president has urged European countries to invest and innovate as concerns of an economic slowdown intensify. She warned that export growth could no longer be relied upon to boost growth.
Once a critic of low interest rates, President Trump is now calling for zero or negative rates in the US. Some believe the measure will prevent another economic crisis but will require Trump to play up the positives.
Ever since eurozone interest rates turned negative in 2014, a debate has raged about whether or not this makes economic sense. DW explains how they came about and why the monetary policy tool is a double-edged sword.
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