ECB to halt €2.6tn stimulus plan despite eurozone slowdown concerns

Growth forecast for currency bloc downgraded due to uncertainty, says Mario Draghi

The European Central Bank will halt its a2.6tn stimulus programme in January despite concerns that the eurozone is poised to slow down over the next couple of years.

Mario Draghi, the ECB boss, warned that rising uncertainty had forced the bank to downgrade its outlook for the currency bloc next year and the effects would continue to be felt in 2020.

Related: Eurozone growth slumps to lowest level in more than four years