ECB’s Draghi to hold fire as euro crisis threatens to return

The European Central Bank will leave interest rates unchanged on Thursday and try to reassure investors rattled by new turmoil in Europe and the US Federal Reserve’s plans to begin winding up its stimulus.

The ECB meets against a backdrop of political crisis in Portugal that pushed its benchmark bond yields above 8 per cent - a spike that stirred angst in financial markets already jittery after the Fed last month set out a plan to exit from its money-printing programme.

via Business feed http://www.scmp.com/business/banking-finance/article/1275236/ecbs-draghi-hold-fire-euro-crisis-threatens-return