The ECB is preparing a 'very strong package' of stimulus measures to support the eurozone economy, according to a key policy maker
HELSINKI—The European Central Bank will announce a package of stimulus measures at its next policy meeting in September that should exceed investors’ expectations, a top official at the central bank said.
Speaking in his offices in Finland’s capital on Thursday, Olli Rehn said the slowing global economy would see the ECB rolling out fresh stimulus measures that should include “substantial and sufficient” bond purchases as well as cuts to the bank’s key interest rate.Stocks plummeted Wednesday after weak German and Chinese economic data raised concerns of an impeding global slowdown.
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