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Draghi Warns Global Risks Still Battering Euro-Area Economy

Wednesday, 10 April 2019 20:26 WIB Mario Draghi

European Central Bank President Mario Draghi warned that the euro-area economy faces agglomerating risks including Brexit and the danger that trade protectionism could hurt confidence. Draghi said recent figures confirm a “slowing growth momentum” as global issues dent sentiment. He added that the ECB will consider whether it needs to mitigate any of the side-effects from its negative interest rates, speaking after the institution kept its key rates unchanged with its deposit rate held at minus 0.4 percent. The president also said the ECB is “fully committed” to restoring inflation to its goal of just under 2 percent. The central bank has promised a new round of cheap...

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ECB Keeps Policy, Rate Guidance Unchanged

Wednesday, 10 April 2019 19:01 WIB ECB

The European Central Bank kept its policy unchanged as expected on Wednesday, maintaining interest rates at record lows and keeping its guidance for steady interest rates this year despite a sharp slowdown in economic growth. With the economy and...

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