ECB expected to take further action to boost eurozone economy

Minutes of ECB governing council meeting indicate bank's readiness to cut credit costs further to improve bank lending

The European Central Bank is expected to take further action to stimulate the eurozone economy at its next meeting in March.

Minutes of the ECB governing council's last get-together show that without an improvement in the outlook for growth for the rest of the year and 2017, policymakers are ready to cut credit costs further to boost bank lending.

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