ECB President Mario Draghi is expected to reveal new measures to stimulate the flagging eurozone economy before stepping down.
The eurozone’s central bank left rates for banks depositing their money at the ECB unchanged in July, at minus 0.4%, a record low.
An announcement will be made at 11:45 GMT, with a press conference to follow later.
Eurozone inflation is running at just 1% and with just 1.1% year-over-year growth in the second quarter while the 19 country monetary bloc faces significant headwinds from the U.S-China trade war, Brexit uncertainty and signs the German’s economy, Europe’s largest, is heading for recession.Read more: Forbes
It never occurs to the Europeans that cutting taxes and regulations is the best stimulus that an economy can have.
US Treasury yields rise ahead of ECB decisionU.S. government debt yields rose Thursday morning, as traders looked ahead to fresh data and a rate decision by the European Central Bank (ECB).
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The ECB decision is coming — here’s what to expectIf there’s one thing that observers agree on with respect to Thursday’s European Central Bank meeting, it’s that the central bank will announcing a series of...
European stocks set to open higher on ECB stimulus hopes and US tariff delayEuropean stocks were set to open higher Thursday as investors look ahead to an anticipated announcement of easing measures from the European Central Bank (ECB). Our mission at is to build the social media platform that ends fake news