The European Central Bank on Thursday lowered its growth forecast for the euro area for this year and next as the bank's chief Mario Draghi again warned about the risks from the rising protectionism.
Earlier in the day, the Governing Council left its interest rates, asset purchases and forward guidance unchanged.
The bank confirmed that the asset purchases will be halved to EUR 15 billion this month and plan to wind them down at the end of this year "subject to incoming data confirming our medium-term inflation outlook."
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