FX.co ★ ECB pulled down the euro

The ECB noted a slowdown in the eurozone. The growth forecast for 2019 has been reduced to +1.1%, immediately by 0.6%.

ECB lowers inflation forecast.

The ECB left rates unchanged (base 0%, deposit for banks -0.4%).

The ECB announced that in September it will launch a new program to inject liquidity into the markets and economies of the eurozone.

The euro has dropped significantly, hitting a low of 1.1230.