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11/21, 1:36 PM (Source: TeleTrader)
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ECB: Global growth, trade remained weak

Global growth and international trade remained weak despite some signs of stabilization in the third quarter, the Governing Council of the European Central Bank concluded at its monetary policy meeting on October 23-24, the minutes revealed on Thursday. Global trade was subdued due to trade tensions and lower demand from Asia, it was noted at the meeting.

In the euro area, data showed a further slowdown in output growth, as well as growth in business investment.

The monetary policy measures taken in September provided stimulus and supported euro area expansion, the central bankers acknowledged.

Breaking the News / NI