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 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
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
Economy

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

Topic |   China economy
Bloomberg
Bloomberg

Updated: 10:38am, 8 Mar, 2019

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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 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
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
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