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ECB keeps easy money pledge despite better growth in eurozone

The central bank leaves interest rates at record lows, hints at more asset buys if outlook worsens

Published Thu, Jul 20, 2017 · 09:50 PM

Frankfurt

THE European Central Bank (ECB) left its ultra-easy monetary policy stance unchanged as expected on Thursday, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.

After ECB chief Mario Draghi raised the prospect of policy tightening last month, he signalled that any policy tweaks would come only gradually, setting the scene for a possible discussion in September about a long-awaited tapering of its asset buys.

"We need to be persistent and patient because we aren't there yet, and prudent," Mr Draghi told his regular news conference after a meeting of E…

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