Markets hungry for word on more ECB stimulus
FRANKFURT, Germany (AP) — Financial markets are eagerly awaiting more word from the European Central Bank about possible stimulus measures to save the economic recovery.
Many analysts don't expect the ECB to act at Thursday's meeting of its governing council. They say a more likely outcome is further detail at the post-meeting news conference on preparations for additional steps such as large-scale bond purchases.
Others do not rule out a small cut in the benchmark interest rate from 0.15 percent.
Expectations have risen since ECB President Mario Draghi warned on Aug. 22 ago that inflation expectations are falling. Low inflation of only 0.3 percent annually is a sign of the economic weakness that is still plaguing the 18 countries that use the euro.
The eurozone saw no growth in the second quarter.