As the outlook for growth and inflation darkens, the European Central Bank (ECB) announced on Thursday 6 June that it will not raise its key policy rates until mid-2020, a six-month extension of its last meeting in April (see EUROPE B12233A13).
The Governing Council now expects the ECB's key interest rates to remain at their current levels “at least through the first half of 2020, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to...