After cutting some dash at his first two interest rate-setting meetings as European Central Bank president, Mario Draghi will probably show a more cautious side on Thursday. The ECB’s governing council, gathering for the first time in 2012, is expected to leave the bank’s main interest rate unchanged at 1 per cent. After a tumultuous first few months under Mr Draghi the ECB appears to be in wait-and-see mode, at least for now. Read more
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