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ECB Expected to Wait for Data Before Post-Brexit Moves
The European Central Bank is expected to leave its €1.8 trillion stimulus unchanged at its policy meeting on Thursday despite a potential economic slowdown in the euro area in the wake of Britain's vote to leave the European Union. ECB President Mario Draghi has identified Brexit as a key risk that could shave up to 0.5 percentage points off eurozone economic growth over three years. Early survey data published Tuesday shows German investors are very concerned about the fallout. But after years of monetary stimulus, economists say the ECB and other central banks are running out of policy options. Last week, the ... (full story)
