Markets

Euro drops as ECB promises low rates for another year

Published June 14, 2018 Updated June 14, 2018 01:06pm

The euro fell from $1.1818 to $1.1722 after the ECB's governing council said rates would likely remain unchanged "at least through the summer of 2019".

The bank also said it planned to end its massive bond buying scheme by the end of the year, taking a major step towards monetary policy normalisation.

Copyright AFP (Agence France-Press), 2018