FRANKFURT--European Central Bank officials discussed more aggressive stimulus measures to support Europe's stalling economy at their latest policy meeting, and signaled they could take fresh action to shore up growth at upcoming meetings.
The ECB rolled out fresh monetary stimulus on March 7, unveiling a new batch of cheap loans for banks and pledging not to increase interest rates through the end of the year. The ECB's key interest rate is currently set at minus 0.4%. The ECB could readjust its policy mix "at one of its coming meetings should the outlook evolve less favorably than expected," the minutes said.
While officials still hope for a rebound in growth in the second half of 2019, they admitted that such projections "might be considered optimistic," according to the minutes.
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Source: Reuters - 🏆 2. / 97 Read more »