Showing posts with label ECB pulled down the euro. Show all posts
Showing posts with label ECB pulled down the euro. Show all posts

ECB pulled down the euro

The ECB noted a slowdown in the eurozone. The growth forecast for 2019 has been reduced to +1.1%, immediately by 0.6%.

ECB lowers inflation forecast.

The ECB left rates unchanged (base 0%, deposit for banks -0.4%).

The ECB announced that in September it will launch a new program to inject liquidity into the markets and economies of the eurozone.

The euro has dropped significantly, hitting a low of 1.1230.

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