ECB signals it will move to boost growth amid fears of low inflation
by Larry Elliott Economics editor from Economics | The Guardian on (#4KXQY)
Outgoing president says outlook is worsening and inflation is well below target
The European Central Bank has given a clear signal that it will join the US Federal Reserve in seeking to boost global growth as it expressed concern about flagging levels of activity and undershooting inflation in the eurozone.
Financial markets were left fully braced for a cut in interest rates from the ECB in September, together with a resumption of money creation under its quantitative easing programme.
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