The euro fell for a fifth day, dropping 0.6 per cent to US$1.1234, while government bonds rose, pushing the German 10-year yield to the lowest since 2016. Photo: EPA
European Central Bank makes moves to boost struggling euro zone after growth forecast slashed
- President Mario Draghi reveals growth forecast of just 1.1 per cent this year, down 0.6 percentage point from previous forecast in December
- Central bank promises to keep record-low official interest rates on hold until at least the end of this year, several months longer than previous statements
The euro fell for a fifth day, dropping 0.6 per cent to US$1.1234, while government bonds rose, pushing the German 10-year yield to the lowest since 2016. Photo: EPA
