ECB to hold off fresh crisis measures for now

The European Central Bank will hold off quick-fire action to help Italy or other euro zone states caught up in its backwash on Thursday but new economic forecasts could open the way to looser policy further ahead.

ECB policymakers meet in Frankfurt against the backdrop of political deadlock in Italy, where last week’s inconclusive election has pushed sovereign bond yields higher and fuelled concerns that the euro zone crisis could roar back to life.

via Business feed http://www.scmp.com/business/economy/article/1182332/ecb-hold-fresh-crisis-measures-now