ECB signals a rate cut, more monetary easing ahead

From cnbc.com

The European Central Bank (ECB) kept rates unchanged but altered its forward guidance on Thursday amid deteriorating economic data in the euro zone. Traders are waiting to hear from President Mario Draghi, who is due to speak in about 45 minutes. ECB President Mario Draghi warned last month that without a clear improvement for the euro zone economy, the central bank would announce further stimulus measures. This caused market players to up their forecasts for new interest rate cuts or even a bond-buying program. Draghi, speaking in June in Sintra, Portugal, made it clear that his institution was ready to use all ... (full story)