Mario Draghi has cautioned that the pace of the eurozone’s recovery may be slowing, as the European Central Bank kept interest rates at record lows.
Meeting in Vienna, the ECB played down hopes that growth in the single currency was gaining momentum and left inflation and growth forecasts largely unchanged despite a strong start to the year.
The bank’s governing council also held back from allowing Greek banks to resume access to cheap loans, frustrating Athens’ hopes that it would take such a step this month.
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