Jul 21, 2017 9:16 AM | Daily Market News
The European Central Bank (ECB) kept its key interest rates unchanged on record lows, therefore also its monetary stimulus unchanged, as widely expected. ECB President Mario Draghi seems to be willing to hold on to the central bank’s ultra-expansive monetary policy bias, disappointing hopes of many market participants to deliver a clear signal for a change in policy. Despite signs of an improving economy in the euro zone, the central bank seems to regard the inflation trend as too uncertain. However, Draghi also said that the ECB could start discussing whether a policy adjustment is appropriate.