Mario Draghi, President of the European Central Bank (ECB) arrives for a press conference following the meeting of the Governing Council in Frankfurt am Main, Germany, on September 13, 2018. / AFP / Daniel ROLAND
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The European Central Bank kept policy unchanged as expected Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as it warned that risks from protectionism were gaining prominence.The ECB has been keeping interest rates in negative territory for years and bought more than 2.5 trillion euros of debt, depressing borrowing costs and driving up growth following a double-dip recession that nearly tore the 19-member currency bloc apart.Partly reflecting those risks, the ECB cut its growth projection by 0.1 percent for the next two years.The ECB maintained its forecast of annual inflation at 1.7 percent through to 2020, with Draghi insisting that was consistent with the bank's target of near 2 percent.
FOLLOW THIS ARTICLE