A delay also leaves the market more exposed to shocks over the summer months when liquidity is thinner.
Draghi said prolonged uncertainty, largely driven by trade tensions, means the downside risks to growth have now materialized.
A slump in German business confidence deepened in June as trade tensions weighed on manufacturers.
Rehn Warns Against Currency War as ECB Plans Attacked by Trump
Juncker Defends Draghi & Co. After Trump Central-Bank Attacks
Draghi Blames Prolonged Uncertainty for ECB Risks Materializing
Trump’s pressure for interest-rate cuts threatens the independence of the Federal Reserve, former Fed Vice Chair Fischer warned.
ECB Rate Cut Is Weapon of Choice as Draghi Threatens Action
If the outlook doesn’t improve, and inflation doesn’t strengthen, additional stimulus will be required: Draghi.
Superstar Firms, Aging and Euro Success in Vogue at ECB Retreat
Europe’s Weapon for Next Crisis Is Fiscal Policy, Blanchard Says
It’s five years since the ECB president established his answer to the Federal Reserve’s Jackson Hole symposium.
Euro’s Global Use Increases as Geopolitics Stoke Dollar Nerves
Lagarde Says Trade Must Be Fixed Without Tit-for-Tat Tariffs
Draghi Says Joining Euro Tends to Make Countries Better Governed
Factories are at the heart of the slowdown, as trade tensions, weaker car sales and cooling global demand weigh on exports.
Investors Signal Draghi Is Running Out of Time and Ammunition
ECB Contender Rehn Echoes Draghi Playbook With ‘Gotta Do’ Tweet
Pledge on low rates extended, details on bank loans unveiled.
ECB Long-Term Loan Terms Are Said to Be Compromise Solution
This verbal policy tool is being keenly watched for any change.