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Eurozone to hold off increase in interest rates until at least 2016
Zone(s): Europe ¦ Sector(s): Banking
[24 June 2014, CITY A.M.] European Central Bank (ECB) chief Mario Draghi has hinted that policymakers would likely not hike rates for at least another 18 months. “We have prolonged banks’ access to unlimited liquidity up to the end of 2016. That is a signal. Our programme in support of bank lending to businesses will continue for four years,” the ECB president told Dutch newspaper De Telegraaf.