Faced with a sharper-than-expected slowdown in growth in the euro area, the European Central Bank (ECB) unanimously adopted new accommodative monetary policy measures on Thursday 7 March, announcing in particular that it would not raise its key interest rates before 2020.
"We have decided to keep the key ECB interest rates unchanged. We expect them to remain at their present levels at least through the end of 2019", said the Institute's President, Mario Draghi, adding that this forward...