More-upbeat ECB signals end to rate cuts

Frankfurt

THE European Central Bank signalled on Thursday that it planned no further interest rate cuts as eurozone prospects improved, but said subdued inflation meant it would continue to pump more stimulus into the region's economy.

The currency bloc has been on its best economic run since the global financial crisis nearly a decade ago but the ECB had been expected to take a more cautious stance as the inflation rebound has yet to show a convincing upward trend.