Draghi unveils new bank funding as ECB forecasts slower growth

Mario Draghi
Mario Draghi
European Central Bank

European Central Bank president Mario Draghi announced a new round of measures to support the eurozone’s banks in response to what he said was a “significant” downward revision of growth estimates.

Draghi stressed that the ECB’s governing council had unanimously voted in favour of all the measures introduced today (March 6). This was a very positive sign for the cohesiveness of the governing council, he told the ECB’s press conference in Frankfurt.

The ECB kept its interest rates unchanged but

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