Mario Draghi signalled that the European Central Bank was prepared to launch a fresh round of monetary stimulus as soon as March, bolstering a recovery in US and European equities in the wake of heavy losses this year.
Speaking little more than a month after the bank last unleashed a round of stimulus, the ECB president said it would “review and possibly reconsider” its monetary policy stance at its next meeting in six weeks.
“We are not surrendering in front of these global factors,” he said, referring to the China slowdown and the falling oil price that have destabilised global markets in recent weeks.
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