In a U-turn, ECB to launch new stimulus measures, the first major Western central bank to ease policy in response to the global slowdown
FRANKFURT—The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh measures to stimulate the eurozone’s faltering economy less than three months after phasing out a €2.6 trillion bond-buying program, making it the first rich-country central bank to ease policy in response to a global slowdown.
The ECB said it would hold interest rates at their current levels at least through the end of this year—months longer than previously signaled—and unveiled a fresh batch of cheap...
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