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ECB to take aim at strong euro with hints of more stimulus
The European Central Bank is all but certain to keep policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening already-anaemic inflation expectations, it may set the stage for more stimulus later. Having pulled out the stops this spring to halt a historic economic decline across the 19-country currency bloc, the ECB has time to let governments implement their own countermeasures and for its own ultra-easy policy to seep into the real economy. But hurdles to the rebound from a 12% output drop in the second quarter are proving bigger than expected, and economists say the ... (full story)
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