It seems that the European Central Bank is not so keen on loosening its grip on its current monetary stimulus in spite of an overall improvement in the state of the EU economy. The ECB instead opted to appease the financial market just before the commencement of the second round of the French national elections. Mario Draghi had very positive sentiments with regards to the eurozone’s current economic state, although he stated that the central bank’s policymakers have not yet discussed making any adjustments to their monetary stimulus and interest rates. The ECB’s decision to stand fast on its current rates comes at a very high-strung time for the eurozone, particularly due to the French elections and tension rising between the US and the UK economy.
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