The European Central Bank still has room to manoeuvre should the eurozone economy continue to worsen after it slashed interest rates to a new record low last week, ECB policymakers said yesterday.
Yves Mersch, a member of the ECB's six-man Executive Board, said that the bank still had tools at its disposal, but added that it could only spur lending to small eurozone companies in conjunction with other European institutions.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? email@example.com