ECB Slashes Growth Forecasts and Boosts Banks

European Central Bank triggered a euro sell-off by cutting 2019 growth rates and unveiling new stimulus measures - just two months after stopping bond purchases

James Gard 7 March, 2019 | 3:44PM

European Central Bank

The European Central Bank today unveiled new stimulus measures and cut 2019 growth forecasts from 1.7% to 1.1%.

The euro slid against the yen and dollar after the ECB slashed the outlook for the Eurozone and announced that new funding would be available this year for Eurozone banks, just two months after ending the quantitative easing (QE) programme.

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James Gard  is content editor for Morningstar.co.uk

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