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ECB Ready to Give the Euro Zone Further Economic Stimulus

Posted November 07, 2014

Under Economic Issues, International Trade Issues

(MercoPress)

The president of the European Central Bank (ECB), Mario Draghi, says the bank stands ready to give the Euro zone further economic stimulus “should it become necessary”. The comments boosted shares in Europe. It also prompted a fall for the euro, with analysts increasingly braced for more dramatic stimulus measures.

The bank began an asset purchase program last month, but has come under pressure to do more to boost weak economic growth in the Euro zone.

The ECB's regular policy meeting left interest rates unchanged at their record low of 0.05%, as expected. Read more here.