ECB 'ready to act' on rates as economy languishes
April 4th, 2013
The European Central Bank expects a gradual economic recovery later this year but will monitor incoming data very closely and is ready to cut interest rates if necessary, its president said on Thursday.
Addressing a news conference after the ECB held rates at a record low 0.75 percent, the highest level among the world's major central banks, Mario Draghi said discussion at the monthly meetin ...