European Central Bank leaves door open for further cuts as growth and inflation remain sluggishThe European Central Bank has left interest rates in the eurozone unchanged,but kept the door open for more cuts in the months ahead and renewed calls to politicians to do more to support the bloc’s economic recovery.
Amid signs that the UK’s vote to leave the EU is having small instant impact on the eurozone economy, the ECB held the single currency area’s main interest rate at zero. But ECB president Mario Draghi warned that uncertainty stemming from the vote for Brexit was among the factors dampening the eurozone’s growth and he unveiled a slightly weaker economic outlook for the bloc. Related: ECB press conference after leaving interest rates unchanged - live updates Continue reading...
Source: theguardian.com