John Fahey: Eurozone economy struggles for momentum

Last week saw the final ECB meeting of 2019 and the first one with Christine Lagarde as president. The meeting itself was largely uneventful.

As expected, the central bank left its current policy stance unchanged. The ECB is likely to keep policy on hold in the months ahead. This is to allow time to assess the impact that the significant easing package it announced back in September has on the economy.