The European Central Bank is on course for more aggressive monetary easing to boost flagging growth and weak inflation, amid fresh warnings about the outlook for the global economy.
Mario Draghi, the ECB president, has won wide support for further policy action next month, according to minutes of the bank’s January policy meeting, released yesterday.
The minutes show the governing council was unanimous in concluding that its current policy stance “needed to be reviewed and possibly reconsidered” in March, when the ECB’s quarterly projections will be available.
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