European Central Bank urges eurozone to boost growth

The European Central Bank sees scope for further cuts to its deposit rate after the one announced last month, as inflation risks missing the ECB’s already lowered forecasts, minutes of the bank’s December meeting showed yesterday.

European Central Bank urges eurozone to boost growth

The eurozone economy is at risk from weakening emerging market growth, sagging demand for its exports and increased geopolitical risks, the ECB said in the minutes of a meeting at which it eased policy less than markets expected.

Persistently low oil prices will boost growth but weigh on inflation, which is hovering near zero, the bank added.

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