ECB Preview: With lower growth ahead, chances of a rate hike in 2019 are all gone
The Governing Council of the European Central Bank is set to convene on its first meeting after ending the asset purchasing program in December last year on Thursday, January 24 with the policymakers supposedly acknowledging that the current Eurozone slowdown went beyond their expectation. The fact that the slowdown in the Eurozone is stronger than expected was voiced by the fresh release of the World Economic Outlook from the International Monetary Fund (IMF) that lowered the global advanced economies growth projections mainly because of lower than expected growth in the Eurozone.