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Base interest rates will remain at -0.5%, as Christine Lagarde takes over from Mario Draghi as ECB president.
As Mario Draghi finishes his tenure as ECB president, Europe's economy looks to be stagnating.
The incoming ECB boss discussed the US president, the trade war, Brexit, and other economic risks and uncertainties during a "60 Minutes" interview.
"Central banks, particularly the ECB, have become increasingly vocal that they are very close to reaching the limits of what monetary policy can do."
Banks have announced nearly 60,000 job cuts this year, and German giant Commerzbank is teeing up the next round of layoffs
About 90% of the cuts are in Europe, where the economy is slowing rapidly and banks are battling negative interest rates.
Christine Lagarde is sounding the alarm on the US-China trade war, calling it a ‘big, dark cloud’ over the global economy
Trade is "the biggest hurdle for the global economy," the incoming president of the European Central Bank said in a new interview.
"The economy is limping towards the final quarter of the year, and, on its current trajectory, might not see any growth before the end of 2019."
Global central banks are in a rate-cutting frenzy. Here are the 7 other meetings coming up this month, and what’s expected at each.
The recent cut by the European Central Bank could be just the beginning of easing in September. The Fed is the next major bank to meet this month.
The central bank has increasingly been a target of verbal assaults out of the White House ahead of the 2020 elections.
Donald Trump wants negative interest rates. Rates in Europe just went to a record low, and this is the effect.
The European Central Bank's base rate has been negative since 2016. It cut a further 10 basis points to -0.5% and announced a fresh round of stimulus.