ECB interest rate hold steadies markets

European Central Bank chief Mario Draghi announces plans to boost EU economies after day of turmoil in global trading

The European Central Bank brought respite to volatile financial markets after indicating it is ready to inject fresh stimulus into the eurozone as soon as March.

The ECB left interest rates on hold at its latest policy meeting but its president, Mario Draghi, acknowledged growing uncertainty about the economic outlook as he said the central bank would review its policy in March - sooner than many investors had been expecting.

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