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Tags: EU | Europe | Economy | The Latest

The Latest: European Central Bank Keeps Stimulus in Place

The Latest: European Central Bank Keeps Stimulus in Place

Thursday, 08 June 2017 08:38 AM EDT

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):

1:50 p.m.

The European Central Bank has left its stimulus programs and record low interest rates unchanged, despite an accelerating economy in the 19 countries that use the euro currency.

The bank took a tiny step toward an eventual exit from the stimulus by dropping wording in its statement saying it could lower interest rates even further.

But the bank's announcement Thursday reiterated that its stimulus in the form of monthly bond purchases could be stepped up if the economic outlook worsens.

Analysts expect that provision to be dropped in coming months as the bank edges toward announcing how it will phase out the bond purchases next year.

Europe's economy grew 0.6 percent in the first quarter but ECB President Mario Draghi says the brighter outlook is largely the result of the stimulus and that recovery still needs support.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The Latest on the European Central Bank's monetary policy meeting (all times local):1:50 p.m.The European Central Bank has left its stimulus programs and record low interest rates unchanged, despite an accelerating economy in the 19 countries that use the euro currency.The...
EU,Europe,Economy,The Latest
155
2017-38-08
Thursday, 08 June 2017 08:38 AM
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