International investors cool on eurozone

International investors are cooling on the eurozone, with a survey indicating rising scepticism around the true health of the region’s economy and dissatisfaction with the ECB’s monetary policy.

At its latest policy meeting in Frankfurt yesterday, the ECB kept its loose monetary policy stance unchanged, as expected, and deferred deciding how and when to venture the next step towards policy normalisation until later this year.

It repeated that it expects borrowing costs to stay at present levels for an extended period and that it is prepared to increase the size or duration of its asset- purchase programme should the economy take a turn for the worse.