What to look out for from the European Central Bank meeting - News Summed Up

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What to look out for from the European Central Bank meeting


What to look out for from the European Central Bank meetingFRANKFURT, Germany -- Should the European Central Bank give another push to an economy that's not rolling fast enough to raise excessively low inflation? That's the question facing the bank's 25-member governing council when it meets Thursday at its skyscraper headquarters in Frankfurt, Germany. The eurozone has been growing at about a 1.6 percent annual rate for the past six quarters, notes economist Holger Schmieding at Berenberg Bank. And the central bank alone may not be able to do much to improve growth anyway, Schmieding said. "Short of major pro-growth structural reforms, 1.6 percent seems to be the underlying trend for the time being," he said.


Source: The China Post September 07, 2016 18:45 UTC



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