TALLINN: The European Central Bank (ECB) kept its money taps wide open but dropped a reference to possible interest rate cuts, an unexpectedly hawkish move as eurozone growth accelerates.
The currency bloc’s economy has been on its best run since the global financial crisis nearly a decade ago but the ECB was expected to take a more cautious stance as the inflation rebound has yet to show a convincing upward trend.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!