This month, the European Central Bank (ECB) has left its interest rate at 2%.
“The economy remains resilient in a challenging global environment. Low unemployment, solid private sector balance sheets, the gradual rollout of public spending on defence and infrastructure and the supportive effects of the past interest rate cuts are underpinning growth,” the ECB said in a statement on the decision earlier in February.
The central bank also said falling inflation warranted the decision.
Why is the current economic outlook for the EU looking good, and what does it mean for fixed-income investors?
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