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Eurozone growth picks up but ECB holds steady

European Central Bank president Mario Draghi says that the central bank's Governing Council expects interest rates to remain the same for an extended period of time

"We have now seen 18 quarters of positive growth, and the short-term economic indicators all point to a continued economic upswing with above-trend growth." - Peter Praet (above), member of the executive board of the ECB


ACCELERATING eurozone growth is unlikely to encourage the European Central Bank (ECB) to end quantitative easing (QE) and raise interest rates.

This is the overwhelming view of European central bankers and economists. Even ECB hawks are reluctant to stifle the expansion,...

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