It held its key short-term interest rate benchmark at zero, and kept its rate on deposits from commercial banks at minus 0.4%. Draghi has also said the economy could use the support during a potentially turbulent political period. Now that inflation has reached 2%, calls have arisen to start withdrawing the stimulus, particularly in Germany where the stimulus was never popular in the first place. Nineteen of the members are the heads of central banks from the member countries -- several of which need the stimulus far more than Germany. The ECB is the chief monetary authority for the 19 countries that use the euro currency.

Source: Bangkok Post March 09, 2017 13:07 UTC