Draghi strikes downbeat note as ECB extends policy rate hold

Mario Draghi
European Central Bank

The European Central Bank’s governing council extended the duration of its current accommodative monetary policy by at least six months at its monetary policy meeting today (June 6).

ECB president Mario Draghi announced that the bank would keep policy rates at their current level “at least through the first half of 2020”. This comes after several monetary policy meetings where the ECB pledged to maintain current monetary policy at least until the end of 2019.

Draghi also underlined that the

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