The European Central Bank (ECB) has announced measures to revive the continent's slowing economy, while also confirming there will be no interest rate increase in 2019.
As part of its measures to boost its slowing economy, the Governing Council of the ECB said the bank will offer targeted longer-term refinancing operations (TLTRO), or cheap loans, to banks within the eurozone. Speaking at the ECB press conference today, president Mario Draghi said further details will be given "in due course", but that those who lend more to the real economy will be able to borrow more and at a lower interest rate than usually available. This is the third time since the eurozone crisis the ECB has taken such a measure. Neil Birrell: Confused? I am; I hope they're not...
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