Tags: EU | Europe | Economy

European Central Bank to Keep Level of Stimulus Unchanged

Thursday, 21 July 2016 06:06 AM

FRANKFURT, Germany (AP) — Economists expect the European Central Bank to keep its current levels of stimulus unchanged despite worries about how Britain's vote to leave the European Union will affect the economy.

The bank's 25-member governing council was meeting on Thursday at the bank's headquarters in Frankfurt, Germany.

A British departure from the EU could disrupt trade, but by how much is not clear. The Bank of England held off increasing stimulus at its last meeting as it takes stock of the situation.

The ECB has cut its benchmark lending rate to zero, and is buying 80 billion euros ($88 billion) in bonds each month, a step that pumps newly created money into the economy. The goal is to raise inflation, currently just above zero, to more normal levels and strengthen economic growth.

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Economists expect the European Central Bank to keep its current levels of stimulus unchanged despite worries about how Britain's vote to leave the European Union will affect the economy.The bank's 25-member governing council was meeting on Thursday at the bank's...
EU,Europe,Economy
133
2016-06-21
Thursday, 21 July 2016 06:06 AM
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