Concern over sluggish global growth is causing central bankers to shift tacks, as the European Central Bank unveiled surprise plans Thursday to stimulate the Continent’s flagging economy and Federal Reserve officials signaled their growing reluctance to raise U.S. interest rates at all. The ECB, acting less than three months after it phased out a €2.6 trillion ($2.9 trillion) bond-buying program, said it would hold interest rates at their current levels at least through the end of this year—months longer than it previously...

Source: Wall Street Journal March 07, 2019 20:30 UTC